1013 N Hermitage Ave
Marcus & Millichap is pleased to present this multi-family real estate opportunity in the East Ukrainian Village neighborhood of Chicago. The subject property of 1013 North Hermitage Avenue is located 2.6 miles northwest of Chicago's downtown loop area, 0.6 miles west of the Kennedy Expressway, 0.5 miles south of the CTA's Division Blue Line train station, and 1,000 feet west of the CTA's Ashalnd & Augusta bus nine stop. The unit mix for the subject property consists of two, three-bedroom/two-bathroom units that measure 1,200 square feet and one, four-bedroom/three-bathroom duplex that measures 2,400 square feet respectively.
The neighborhood of Ukrainian Village is located in Chicago's near west side and is quickly becoming one of Chicago's hottest neighborhoods to live in. Ukrainian Village is nestled between the very popular Wicker Park and Bucktown neighborhoods which have also become hot spots for people to live. Ukrainian Village offers its residents a more affordable option of living compared to the surrounding areas of Wicker Park, Bucktown, and West Loop neighborhoods. The subject property is within walking distance to the popular retail corridors of Ashland Avenue and Division Street. Which offer residents a variety of neighborhood shopping centers, restaurants, and nightlife opportunities.
An investor can take full advantage of this real estate opportunity by capitalizing on the prime location of this asset as well as the ability to raise current rents and cash flow the property.