Greenstone Partners, as the Exclusive Investment Advisor, is pleased to offer the opportunity to acquire the 100% fee-simple interest in 1334 North Cleaver Street (the “Property”), a prime urban infill multifamily investment located in Chicago’s vibrant Wicker Park neighborhood. The 4,200 square foot building consists of three residential units: one 4 Bed / 3 Bath duplex and two 3 Bed / 2 Bath apartments. The apartments feature desirable modern fixtures, with stainless steel appliances, hardwood floors, and in-unit laundry. The Property was renovated in 2016 with all new finishes.
The Property’s proximity to an eclectic mix of restaurants, bars, boutique shops, and cultural venues makes it an attractive option for tenants seeking a dynamic urban lifestyle. Wicker Park’s three-way intersection of Ashland Avenue, Division Street, and Milwaukee Avenue is just 0.4 miles from the Property, offering a variety of national and local retailers, including Jewel-Osco and Lowe’s.
Positioned just 3 miles northwest of Chicago’s central business district, the Property benefits from its unparalleled connectivity. The Property is a short walk from multiple major transit options, offering residents easy access to downtown Chicago, other popular neighborhoods, and key city attractions. The CTA Blue Line station at Division Street is just 0.4 miles away, and CTA bus routes #9, #56, and #70 are within walking distance of the Property. Additionally, the Kennedy Expressway is just 0.3 miles from the Property.
The Property features a robust demographic profile, given its location in the affluent Wicker Park submarket, with an average household income of $158,380, a median home value of $625,099, and a population of 52,951 within 1 mile.
⦿ STABLE INCOME WITH POTENTIAL UPSIDE
⦿ WELL-MAINTAINED, MODERN APARTMENTS
⦿ IRREPLACEABLE WICKER PARK LOCATION
⦿ DYNAMIC RETAIL CORRIDOR
⦿ ACCESSIBILITY AND CONNECTIVITY
⦿ STRONG DEMOGRAPHIC PROFILE