Essex Three-Twelve Lists Prime North Center 2-Flat with Strong Long-Term Value
CHICAGO, ILLINOIS– Chicago-based multifamily brokerage firm Essex Three-Twelve, LLC has been exclusively engaged to market for sale 4140 N. Western Avenue, a well maintained 2-Flat in Chicago’s vibrant North Center neighborhood listed by Director Mitir Patel.
Property Overview: Flexible Unit Layout with Value-Add Potential
The building offers an upper duplex with a spacious 3 Bed/ 2 Bath layout, a middle 2 Bed/ 1 Bath unit, and a nonconforming lower-level unit with conversion potential.
Property Features & Accessibility
4140 N. Western Avenue includes access to in-unit laundry, recently updated mechanicals, and an enclosed porch. Additional perks include unbeatable access to transit, shops, restaurants, parks, and everything North Center has to offer.
Neighborhood Overview: North Center
A family-friendly neighborhood, North Center is known for its classic residential streets, lively Lincoln Avenue corridor, and strong community atmosphere. The neighborhood is especially sought after for its access to the highly regarded Coonley Elementary School, a key draw for buyers focused on long-term value.
Area highlights include the North Center Town Square with its seasonal events, nearby Old Town School of Folk Music, and the beloved Welles Park with recreation facilities and green space. Popular entertainment venues like Martyrs’ and convenient Brown Line access at Addison, Irving Park, and Montrose further enhance the area’s appeal.
Market Position & Investment Appeal
North Center’s combination of highly regarded schools, stable buyer demand, and transit-accessible location makes it a smart choice for both families and long-term investors.
“This is a rare opportunity for a new owner to come in and develop this property in the sought after Coonley school district in North Center,” said Essex Three-Twelve Director Mitir Patel, the listing broker for the transaction.
About Essex Three-Twelve:
Essex Three-Twelve is Chicago’s first multi-family brokerage company focusing exclusively on servicing investors in the 3-to-12-unit market. Essex Three-Twelve brokers are highly trained, exceptionally focused, and extremely motivated. Whether clients are seasoned investors or new to the multi-family world, the team provides tailored service and market insights needed to help achieve real estate investment goals.