Michael Masterson

Chicago IL Residential Income for Sale

This jumbo Greystone sits on an extra-large lot on one of Lakeview's prettiest tree lined streets. The building is comprised of 4 extra-large units including two 3 bed/2 baths, one 4 bed/2 bath and one 1 bed/1 bath garden apartment. The apartments feature hardwood floors, original trim and some with decorative fireplaces, stainless steel appliances, granite counters, subway tile backsplash, tiled bathrooms, separate HVAC, laundry in-unit and rear enclosed porches. The building is ideally situated on the north side of Oakdale Avenue just west of Seminary Avenue, and it is conveniently less than 4 blocks to the Wellington, Belmont & Diversey L Stations, making this an excellent location within the Lakeview neighborhood. Quick access to the CTA Brown, Purple & Red Line Stations, along with several bus stops, offers tenants many excellent public transportation options. Less than three blocks away is Southport Corridor, a popular street full of local charm featuring a wide variety of boutiques, salons & spas, and trendy restaurants & bars. 1104 West Oakdale is a rare opportunity to own a stately Greystone 4-flat in a prime Lakeview location with an endless choice of dining and entertainment options just steps away.

Chicago IL Commercial Sale for Sale

Chicago IL Home for Sale

This exciting investment opportunity features a 3-unit new construction apartment building located in Chicago's Belmont Cragin neighborhood in a CHA Mobility Area. Completed in 2022, each building consists of three 3BD/2Ba units with luxury finishes, individual HVAC, and in-unit laundry. The apartments layout favorably with open floor plans and a large primary bedroom/bath. Units feature a dedicated parking space, private balcony or patio, storage, and individual water tanks. This is an opportunity to buy a newly-constructed, well-designed and highly-amenitized asset that is among the nicest product in a still affordable submarket. Achieve stability and rent upside with professional management and leasing. The properties are situated northwest of downtown Chicago near Hanson Park in the Belmont Cragin Neighborhood. This quiet area is primarily residential and light industrial uses. The subject property is 1 block from the Metra Hanson Park station and near CTA bus routes.

Chicago IL Residential Income for Sale

This 3-unit multifamily property, fully gut-rehabbed in 2017, offers a prime mix of units: a spacious 4-bedroom, 3-bath duplex down, a comfortable 3-bedroom, 2-bath, and a cozy 2-bedroom, 1-bath. Each unit boasts hardwood floors, granite countertops, stainless steel appliances, and in-unit laundry. The building features all-new mechanicals, individual HVAC systems, and water heaters, along with updated electrical and copper plumbing. Exterior upgrades include a new roof, windows, and Hardie Board siding. The property also provides three exterior parking spots, which can accommodate up to six vehicles if parked tandem. Located just steps away from the Southport Brown Line and close to all the shopping and restaurants on Southport Avenue, this property offers the perfect blend of convenience and modern living.

Chicago IL Home for Sale

3106 W Fullerton Ave is a 3-unit Greystone apartment building located in Chicago's Logan Square neighborhood. The building consists of (2) 3 bedroom 1 bathroom apartments and (1) 4 bedroom 1 bathroom duplex down apartment. The building features three parking spaces. The majority of the units have received recent renovations, which include granite countertops, new cabinetry, stainless steel appliances, upgraded baths, individual furnaces, and new or refinished hardwood floors. All units are currently occupied. A new owner may wish to add value by increasing rents by 20-25% per unit which would increase monthly income by roughly 35%. Additionally, a new owner may elect to charge for remaining parking spaces and the building has been approved for a 2 story ADU coach house. Near the California Blue Line stop and Healy Metra line. Offering Memorandum available by request or you can also find in additional documents.

Chicago IL Commercial Sale for Sale

Prime investment opportunity in Lakeview, situated just off the Southport Corridor. This mixed-use property features three units: one versatile retail space currently vacant and perfect for an owner-user, plus two spacious apartments with high ceilings that are currently combined but can be reconfigured into two units. The building boasts individual HVAC systems installed within the last decade, a new sump pump in 2023, and in-unit laundry for convenience. A 2010 rehab preserved its charming vintage false front with tuckpointing, caulking, rot-resistant materials, and fresh paint, while the garage roof was updated in 2019. This property includes a large two-car garage and an additional exterior parking space, offering flexibility and potential. Whether you're looking to rehab or redevelop, this property, sold AS-IS, offers immense upside in a prime location.

Chicago IL Residential Income for Sale

This rehabbed all-brick 3-unit building in the heart of Lincoln Park offers an exceptional investment opportunity. The property features two 2-bed, 1-bath units with dens, one 3-bed, 2-bath duplex unit, hardwood floors throughout, quartz countertops, stainless steel appliances, in-unit laundry, 2-car garage, individual HVAC and tankless water heaters, and rear porches. The prime location near DePaul University and within the vibrant Lincoln Park neighborhood adds significant value. With top-quality finishes and increasing rents, this turnkey property presents an attractive option for investors seeking a solid return on investment.

Chicago IL Home for Sale

This large, legal 3-flat at 1648 N Artesian Ave offers a fantastic investment opportunity in Chicago. Fully gut-rehabbed in 2000, with all new water service plus copper plumbing and new electrical. More recently all mechanical systems updated within the last five years. A new tear-off roof was installed in 2023. Each unit boasts in-unit laundry, dishwashers, and hardwood flooring. The top-floor owner's unit is a spacious 3-bed/2-bath and is combined with the second floor for three levels of living space. The second-floor unit can be easily converted back to a separate unit for 3 total units. In addition, the property features two tandem parking spots secured by a motorized fence, providing added convenience and security. The rear stairs, and decking were replaced recently. Walk to nightlife, restaurants, shopping, Western Blue Line, North Avenue/Western Avenue Bus Stops. Quick access to all expressways.

Chicago IL Commercial Sale for Sale

Chicago IL Commercial for Sale

Chicago IL Commercial for Sale

Chicago IL Commercial Sale for Sale

Chicago IL Residential Income for Sale

This impressive legal 3-flat at 1648 N Artesian Ave is a standout investment opportunity in the Humboldt Park neighborhood. Fully gut-rehabbed in 2000, it features new water service, copper plumbing, and updated electrical systems, with all mechanicals upgraded in the past five years and a brand-new tear-off roof installed in 2023. Each unit is designed with modern amenities, including in-unit laundry, dishwashers, and hardwood flooring. The first-floor unit is a spacious 2-bed/1-bath with high ceilings, large bedrooms, and an industrial loft feel, recently upgraded with a new washer and dryer. The second-floor unit, a 1-bed/1-bath, has been completely remodeled with a new kitchen featuring shaker cabinets, countertops, stainless steel appliances, refinished floors, and fresh paint. The top-floor owner's unit, a 3-bed/2-bath, boasts vaulted ceilings, two levels of living space, a modernized kitchen, and a lofted living area filled with natural light. Additional property highlights include four parking spots secured by a motorized fence and recently replaced rear stairs and decking. Located in a prime area, it is within walking distance of nightlife, restaurants, shopping, the Western Blue Line, and North Avenue/Western Avenue bus stops, with quick access to all expressways. Whether you're an investor seeking a turn-key property or an owner-occupant looking for income-generating potential, this meticulously maintained 3-flat is a must-see.

Chicago IL Residential Income for Sale

Prime investment opportunity in Chicago's rapidly appreciating West Humboldt Park neighborhood. 3714 W Ferdinand Ave is a professionally managed brick 2-flat with a non-conforming garden unit, offering a strong unit mix of (2) spacious 3-bed/1-bath units and (1) 2-bed/1-bath unit. The good-sized units provide comfortable living spaces, and Units 1 and 2 have seen modern updates to kitchens and baths, including new cabinets, fixtures, and fresh paint, enhancing tenant appeal. The property has continually increased rents and has more potential for growth, and includes a 2-car garage for additional convenience. Perfect for an investor or owner-occupant looking for a well-maintained property with income potential. Seller is motivated and negotiable.

Arlington Heights IL Commercial Sale for Sale

This six-unit (6) apartment building is part of the Country Glen Apartments community and features a unit mix of five (5) 2Bd/1Ba and one (1) 1Bd/1Ba apartments with spacious floor plans. The property benefits from association management that handles landscaping, snow removal, and scavenger services, making it a low-maintenance investment opportunity.Current rents at the property are below market, providing investors with an opportunity to increase rental income by nearly 10 percent in its as-is condition through market rent adjustments. Located near major transportation routes, retail centers, and suburban amenities, 2256 Nichols Road offers tenants convenience and accessibility. Arlington Heights' strong residential demand and vibrant community further enhance this property's appeal, making it an excellent value-add opportunity for investors.

Chicago IL Residential Income for Sale

2019 N Sawyer Ave., a 3 + 1 non-conforming unit brick apartment building located in the heart of Chicago's Logan Square neighborhood.This is a rare opportunity to own a meticulously maintained, condo-quality multifamily property in the heart of Logan Square, one of Chicago's most sought-after neighborhoods. The property features two spacious units in the main building, complemented by a charming two-unit coach house at the rear of the lot. Designed for modern living while retaining classic Chicago character, this property is perfect for both owner-occupants and savvy investors.The building features (1) 2 bedroom 2 bathroom unit and (1) 2 bedroom 2 bathroom plus den in the main building and (2) 1 bedroom 1 bathroom coach house units.Majority of the units have been recently renovated which include quartz countertops, stainless steel appliances, new cabinetry, upgraded baths, individual furnaces and new laminate floors.Two of the units are occupied with one of the coach house units being used as a short term rental. A new owner may wish to rent out this unit at market or keep as is. Further, there is a value add opportunity to rent out the current owners unit at market rent or utilize as a short term rental to collect extra income. Broker does not represent the legality of the 4th unit.

Chicago IL Commercial Sale for Sale

Centrally located in the Near West side at the heart of the UIC East Campus. Building generates cash flow for any level of investor and is being offered at 7.43 Cap Rate w GRM below 10. This property consists of six apartments with a diverse mix of layouts, including one 1-bedroom, two 2-bedroom, two 3-bedroom, and one 4-bedroom unit. Apartments feature hardwood floors, stainless steel or white kitchen appliances, laminate countertops, central HVAC, and in-unit laundry. Rear units enjoy access to outdoor decks. Recently renovated apartments offer a glimpse of the potential for modern upgrades throughout the building. Investors have the opportunity to significantly increase rental income by making few cosmetic updates if desired. Spacious laundry room in the rear units may present the potential to add a second full bathroom.

Chicago IL Commercial Sale for Sale

64 E. Cedar St., a rare boutique multi-family investment opportunity in the heart of Chicago's prestigious Gold Coast. Situated on East Cedar Street-uniquely equidistant to Oak Street Beach, Rush Street Restaurant Row, Mariano Park, and the Oak Street Luxury District-this distinctive walk-up offers an investor the opportunity to own in a market where properties rarely become available. Properties on Cedar Street, Bellevue Place and Elm Street are considered among the most coveted in the Gold Coast sub market. The units, which boast tall ceilings, have a unit mix consisting of: Two (2) 1 Bed/1 Bath units, One (1) 1 Bed/1.5 Bath unit, One (1) 2 Bed/2 Bath unit, and Two (2) 3 Bed/3 Bath units (one of which is a Penthouse with private rooftop deck). Further, the Two (2) 3 Bed/3 Bath units are currently leased to Hubbard, a corporate housing and short-term rental company, under corporate-guaranteed leases with automatic annual rent and RUBS escalations. Positioned on the north side of Cedar Street, this property is nestled in the heart of the Gold Coast, surrounded by some of Chicago's most iconic dining establishments, including Tavern on Rush, Gibson's Steakhouse, Lou Malnati's, Maple & Ash, Carmine's, LUXBAR, and Adalina. Additionally, the building is just steps from Chicago's Magnificent Mile, Lake Shore Drive, and Oak Street Beach, providing unparalleled access to world-class shopping, dining, entertainment, and the vibrant energy that defines this sought-after neighborhood. This is a rare opportunity to own a premier property in one of Chicago's most desirable locations.

Chicago IL Residential Income for Sale

Essex 312, LLC has been exclusively engaged to market for sale 2549 W. Augusta St., a recently rehabbed 4-unit apartment building in Chicago's West Town neighborhood. The offering presents a tremendous opportunity to acquire a turnkey asset in one of Chicago's most sought-after neighborhoods.The Subject Property is comprised of a 2 Bed/3 Bath Duplex-Down unit, two (2) 2Bed/2Bath units, and a single-family-like 3 Bed/3 Bath Tri-Level Coach House. Each unit features wood flooring, stainless steel or white appliances, granite countertops, dishwashers, central heat and air conditioning, in-unit laundry, and double wide porch seating areas. The Coach House also features a private exterior deck. This offering presents a tremendous opportunity for a live-in investor or regular investor to acquire a low maintenance asset on a prime West Town location.The building is situated on the southeast corner of Augusta St. and Leavitt St., in the Smith Park neighborhood. This location is right between Division Street, Western Avenue, and Chicago Avenue - each growing retail thoroughfares with many up- and-coming restaurants and bars. It's also near several public transportation options and walking distance to the West Loop/Fulton Market & Ukrainian Village/Wicker Park neighborhoods.

Chicago IL for Rent

For leases that start on or before August 1st, the $695 move-in fee will be waived! (Valid from 07/19/2025 till 08/01/2025)Beautifully renovated 2 bedroom, 2 bath, plus study apartment in a vintage building in the absolute best location in the West Loop. 12' original wooden ceilings, exposed brick walls, top-of-the-line appliances, under cabinet lighting, in-unit laundry and custom outfitted closets. The two main bedrooms are large and there is a spacious kitchen/living room. The third room is 10'x8', perfect for a home office. The building has a beautiful large roof top deck with a TV, fire pit and grill. The Lake Street "EL" Green Line station is steps away, but you wont hear it thanks to triple paned glass windows. There's a common workout room accessed by code, and internet access is included in your rent! The building has a ButterflyMX entry system and each apartment has keyless entry. Every apartment in this historic 3-story building has been very recently renovated by the owners who self manage the building. Come live in this all-new apartment on the corner of Lake and Morgan in the heart of the Fulton Market district!

Chicago IL Residential Income for Sale

4129 N. St. Louis Ave., a recently (2023) gut-rehabbed legal 4-unit apartment building in Chicago's Irving Park neighborhood. The offering presents a tremendous opportunity to acquire a turnkey asset in one of Chicago's most sought-after neighborhoods. The Subject Property is comprised of three (3) 3 Bed/1 Bath units and a 1Bed/1Bath unit - typical floor plans located in "Additional Information" section at the end of the offering memorandum. Each unit features wood flooring, stainless steel appliances, quartz countertops, dishwashers, central heat and air conditioning, in-unit laundry and access to both a private yard and a newly built rear porch. This offering presents a tremendous opportunity for a live-in investor or regular investor to acquire a low-maintenance asset in a pocket of Irving Park that has relatively low apartment density, mostly filled with recently renovated single-family properties. The Subject Property is in a prime Irving Park location and is in close proximity to the Irving Park Metra and Irving Park "L" Stations with quick access to the CTA Blue Line, UP-NW Metra Line and 90/94 Expressway, along with several bus stops offering tenants countless transportation options. The block itself is mostly comprised of recently renovated single-family properties, creating a comforting residential feel for prospective tenants.

Chicago IL Commercial Sale for Sale

Essex 312, LLC has been exclusively engaged to market the sale of 1725 N Burling St., a three-story commercial office building in the heart of Lincoln Park neighborhood. This well-equipped and highly functional commercial office building presents a rare opportunity for investors or owner-users seeking a modern, infrastructure-rich office. The property offers a large conference room for meetings, as well as shared workspace and personal desks on both the second and basement levels. Common space includes 2 bathrooms, a kitchen, and ample storage closets throughout. A shared elevator with the condo building next door offers ADA-compliant wheelchair entry from the main lobby, as well as integrated keypad security and a fire annunciator system also connected to the neighboring building for enhanced safety and compliance. The interior offers a professional environment enhanced by radiant floor heating beneath hardwood on the first floor, modern LED recessed and track lighting, and individual HVAC controls on the first and second floor, and an additional split HVAC system for the lower level. Utility infrastructure is robust, featuring a main water shut-off, individual gas and electric meters, and both ejector and sump pumps for wastewater and rain drainage. Technology needs are well accommodated with Cat6 network cabling throughout all levels, a central server setup in the lower level, and a dedicated Comcast cable line that runs from the rear of the building. Shared elements include garbage service and building systems tied into the adjacent property, including elevator access to a shared rooftop.

Chicago IL Residential Income for Sale

6311 N. Troy St. is a three-unit apartment building located in Chicago's vibrant West Ridge neighborhood. The property features two (2) three-bedroom, one-and-a-half-bath units and one (1) two-bedroom, one-bath garden unit, along with three exterior parking spaces at the rear of the property.The building has been well-maintained by long-term ownership, offering spacious layouts, abundant natural light, and solid mechanical systems. With current rents well below market, there is a clear opportunity for a new owner to unlock significant rental upside. Additionally, investors or owner-occupants can add further value by modernizing the interiors with updated kitchens, baths, and finishes.Whether you're seeking a high-upside investment or looking to live on-site while generating rental income, 6311 N. Troy St. presents an exciting value-add opportunity in a well-established North Side neighborhood.

Bellwood IL Commercial Sale for Sale

3420 Warren Avenue, a five-unit apartment building located in the near west suburb of Bellwood. This well-maintained property has been under the same family ownership and management for over 25 years, and features a desirable unit mix of four (4) 2 bedroom/1-bathroom units and one (1) 3-bedroom/1-bathroom unit, along with five (5) surface parking spaces. With current rents 20% below market, the property offers considerable upside. A new owner will also have the opportunity to make cosmetic upgrades and achieve further rental increases. 3420 Warren Ave. sits in a quiet pocket of Bellwood overlooking the Illinois Prairie Path while offering convenient access to the Eisenhower Expressway (I-290) and O'Hare International Airport. Property will be sold 'As-Is.'

Chicago IL Commercial Sale for Sale

4256 N. Sawyer Ave., a six-unit walk-up apartment building situated in a low-density pocket bordered by Ravenswood Manor, Irving Park, and Mayfair in Chicago's desirable Albany Park neighborhood. The property consists of three (3) one-bedroom, one-bath units and three (3) twobedroom, one-bath units. Inside, the apartments feature hardwood flooring, individual furnaces, separate hot water tanks, and moderately updated kitchens and bathrooms. Each unit offers spacious floor plans with separate dining rooms, enclosed front sunrooms, and rear porches. The building has been well-maintained over the years with several recent capital improvements, including roof resealing, tuck-pointing, new gutters, vinyl windows, and the addition of two new back porches in 2017. Over the past 12 months, the current ownership has successfully increased revenue. Despite the already strong rental income, the property presents an attractive opportunity for investors to add further value through continued interior upgrades. Renovating kitchens and bathrooms with contemporary finishes, adding in-unit laundry, and possibly incorporating an additional garden apartment would significantly enhance the building's appeal and cash flow, positioning it as a premium rental property in a highly sought-after submarket. 4256 N. Sawyer Ave. is ideally located near public transportation and various neighborhood amenities, making it a highly attractive asset for both tenants and investors.

Chicago IL Commercial Sale for Sale

108-10 N. Hamlin Ave., a 6-unit condominium deconversion in the West Garfield Park neighborhood.The building consists of (4) 2 Bedroom /1 Bathroom units and (2) 3 Bedroom/2 Bathroom duplex units, each very well-maintained by their individual owners. The building was renovated back in 2005, the work includes adding kitchen islands, in-unit washer and dryers, updating electrical and adding copper pipes. Each unit has individual HVAC controls, separate water tanks and additional storage rooms in the basement.With fantastic views directly over looking Garfield Park, the neighborhood features classic Chicago architecture, local businesses, and access to green space through Garfield Park, home to the renowned Garfield Park Conservatory. Community organizations and local leaders continue to work toward revitalization and investment in the neighborhood's future.

Chicago IL Commercial Sale for Sale

- Prime Wrigleyville Location Just One Block from Wrigley Field & Steps to CTA Red Line - Surrounded by Dining, Retail & Entertainment - Unit Mix Consisting of Six (6) Spacious 2 Bed/2 Bath Units and One (1) 1 Bed/1 Bath Garden Unit - Recently Renovated Units Featuring Hardwood Floors, Quartz Countertops, Stainless Steel Appliances, Central HVAC & Exposed Brick Accents

Chicago IL Commercial Sale for Sale

Essex 312, LLC is exclusively engaged to market for sale 2001-09 W. Howard St., a 13,059 SF commercial property located at the intersection of Howard St. and Damen Ave. in Chicago's Rogers Park neighborhood. This property is ideally suited for residential and retail redevelopment or can continue its current operations.In May of this year, the 49th Ward of Chicago upzoned the Howard St. corridor to B2-3 to encourage development and growth. The new zoning allows for a Floor Area Ratio (FAR) of 3.0, enabling a potential 39,177 SF mixed-use development by right.The property currently consists of five storefronts, subdivided into three retail units. Current tenants include Super Tasty Sub and The Way Mission Inc., while the third space remains vacant in a vanilla box condition, offering immediate leasing opportunities or repositioning potential. Located along a major east-west corridor, the site benefits from strong vehicle and pedestrian traffic, its proximity to the Howard CTA terminal, and a dense surrounding residential population. The corner lot features over 100 feet of frontage, ensuring excellent visibility and access for both tenants and customers. 2001-09 W. Howard St. presents a rare combination of existing cash flow, lease-up potential, and long-term redevelopment upside, making it a compelling investment opportunity in the heart of Rogers Park.