Essex Three-Twelve Executes Successful Sale of Humboldt Park Multifamily Building
CHICAGO, ILLINOIS– Chicago-based multifamily brokerage firm Essex Three-Twelve, LLC. announced the sale of a 3-unit apartment building at 1648 N. Artesian Ave. located Chicago’s Humboldt Park neighborhood.
Renovated in 2020, the property features new water service, copper plumbing, and updated electrical systems. The first-floor unit is a spacious 2-bed/1-bath with high ceilings and large bedrooms. The second-floor 1-bed/1-bath includes a remodeled kitchen. The top-floor owner’s unit, a 3-bed/2-bath duplex, offers two levels of living space, a modern kitchen, and a lofted living area.
Humboldt Park is a vibrant Chicago neighborhood known for its historic park, rich Puerto Rican culture, and classic Chicago architecture. It offers a mix of tree-lined streets, local shops, and a thriving dining scene.
The transaction was facilitated by Essex Three-Twelve Managing Broker Ryan Blake and Associate Michael Masterson. “1648 N. Artesian is a turnkey property in the thriving Humboldt Park neighborhood. With two vacant units, the property offered the perfect opportunity for the buyers to occupy the building while starting their investment portfolio,” said Michael Masterson.
Throughout the marketing phase, 1648 N. Artesian Ave. hosted over twelve tours, attracting significant interest from prospective buyers. Ultimately, the property garnered multiple offers and eventually sold for $860,000.