3765 N Kenmore Ave

Lakeview is one of the most prominent neighborhoods in Chicago, located 6 miles north of the Loop and bordering Lake Michigan. Its proximity to the City’s central business district combined with convenient access to public transportation has led to substantial residential and retail growth, which have been the driving forces in transforming the neighborhood into one of the foremost places to live in Chicago. Home to the Chicago Cubs and Wrigley Field, the country’s second oldest ballpark, the neighborhood is filled with restaurants, boutiques and small businesses.Essex Three-Twelve, LLC has been exclusively engaged to market for sale 3765 N. Kenmore Ave., a corner walk-up apartment building located in Chicago’s highly desirable Wrigleyville submarket within the Lakeview neighborhood. The property consists of 6 apartments plus 1 non-conforming unit. The unit mix is comprised of five (5) 2 Bd/2 Ba units, one (1) 2 Bd/2 Ba + Den, and one (1) 1 Bd/1 Ba non-conforming garden unit. Units feature quality interior finishes including hardwood floors, quartz countertops, stainless steel appliances, dishwashers, and central heat and air conditioning. Additional building improvements include updated copper plumbing, 200-AMP electric service to each unit, and individual hot water tanks. The Property also offers coin-operated laundry and one-to-one tenant storage in the basement. While the current owner does not represent the legality of the garden-level apartment, the property is located within Chicago’s ADU North Zone. This designation may offer a path to legalizing the unit under the City’s Additional Dwelling Units (ADU) Ordinance, which allows for the addition of residential units in basements, attics, and accessory structures in eligible areas. Learn more here: Current rents are approximately 8%–10% below market, presenting an immediate value-add opportunity for a new investor. Furthermore, the existing layout allows for the potential addition of in-unit laundry, providing a clear path to increased rental income and enhanced tenant appeal. Ideally located just one block from Wrigley Field and a short walk to the Addison Red Line CTA Station, 3765 N. Kenmore Ave. offers residents unbeatable access to public transit, retail, dining, and entertainment in one of Chicago’s most vibrant neighborhoods.