Essex 312 Lists 4- Unit Turnkey Multifamily Asset in Humboldt Park
CHICAGO, ILLINOIS — Chicago-based multifamily brokerage firm Essex Three-Twelve, LLC has been exclusively engaged to market for sale 930 N. Richmond St., a fully updated 4-unit multifamily property located in the heart of Humboldt Park. The asset offers investors a rare combination of turnkey condition and a unit layout that aligns with today’s renter preferences.
Property Overview | 930 N. Richmond St Chicago
930 N. Richmond St. is listed at $1,299,000 and is comprised of two spacious first-floor duplex-down units, offering two 2Bd/1Ba units and two 3Bd/2Ba units. Each unit features in-unit laundry, high-quality interior finishes, and access to backyard space ideal for entertaining and enjoyment.
The property also underwent multiple recent renovations, including updated heating, electrical, hot water, and plumbing systems in 2022, positioning the asset as a low-maintenance investment opportunity for buyers seeking stabilized multifamily product in Humboldt Park.
Why Humboldt Park? Strong Rental Demand and Long-Term Investment Appeal
Humboldt Park is a rapidly evolving Chicago neighborhood known for its strong architectural character, expanding local amenities, and long-term investment appeal. Anchored by the 200+ acre Humboldt Park, the area offers a rare combination of green space, walkability, and an established residential base — factors that continue to support stable rental demand and neighborhood appreciation.
Commercial Growth Along Division, North, and Western Avenues
In recent years, Humboldt Park has benefited from meaningful reinvestment along key commercial corridors, including Division Street, North Avenue, and Western Avenue. These corridors have seen a growing mix of restaurants, cafés, and neighborhood retail, further strengthening the area’s livability and driving increased interest from both renters and owner-occupants.
As the neighborhood continues to appreciate, renovated multifamily assets with strong unit profiles are increasingly sought after by both renters and long-term investors.
Access, Transit, and Continued Neighborhood Growth
With convenient access to downtown Chicago, multiple CTA transit options, and a growing roster of local destinations, Humboldt Park remains well-positioned for continued growth. The neighborhood’s combination of lifestyle appeal, improving commercial activity, and limited renovated housing supply supports a compelling long-term outlook for multifamily investment.
Broker Commentary on Investor Demand
“This is the type of property investors are actively seeking: a clean, well-kept multifamily asset that doesn’t require heavy lifting. Combined with its Humboldt Park location, it offers a compelling long-term play in one of Chicago’s fastest-growing neighborhoods,” said Co-Listing Broker Quinn Evans, Associate at Essex Three-Twelve, who is representing the seller alongside listing agent Director Mitir Patel.
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.