Greenstone Partners is pleased to present the opportunity to acquire 1226 North Greenview Avenue (the “Property”), a recently renovated multifamily investment opportunity located in Chicago’s highly desirable Wicker Park neighborhood. The Property features eight (8) modern apartment units, consisting of six (6) one-bedroom / one-bathroom and two (2) two-bedroom / two-bathroom residences. Ideally situated just steps from Division Street, the Property benefits from strong rental demand, affluent demographics, and immediate proximity to the premier retail, dining, and entertainment corridors of Wicker Park and West Town.
Owned and maintained by long-term ownership, the Property offers investors a rare blend of stability and rent growth potential. Current in-place rents remain below market, creating the opportunity for a new investor to enhance revenue through strategic lease renewals and modest cosmetic updates. Modern mechanical systems, low operating expenses, and separately metered utilities provide for efficient management and long-term operational durability.
Each residence showcases contemporary finishes and desirable features, including hardwood flooring, in-unit laundry, private balconies, and updated kitchens featuring stainless steel appliances, granite countertops, dishwashers, maple cabinetry. The building is equipped with individual HVAC, copper plumbing, separate hot water heaters, and high-performance vinyl windows, ensuring low maintenance requirements and reliable building performance.
With full occupancy, below-market rents, and minimal capital needs, the Property presents a compelling investment profile offering both steady cash flow and clear value-add potential. Supported by the dynamic fundamentals of the Wicker Park / West Town submarket—one of Chicago’s most vibrant and supply-constrained rental corridors—1226 North Greenview Avenue represents an opportunity to acquire a turnkey, fee-simple multifamily asset in a prime urban location with multiple avenues for appreciation and long-term value creation.
⦿ DYNAMIC WICKER/PARK WEST TOWN NEIGHBORHOOD
⦿ SIGNIFICANT RENT UPSIDE
⦿ MODERN SYSTEMS & DESIRABLE FEATURES
⦿ STRONG DEMOGRAPHICS
⦿ APPEAL FOR BOTH INVESTORS & OWNER-USERS