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New Construction 9-Unit Apartment Building
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2343 N Elston Ave, Chicago, IL 60614

New-construction multifamily property with three-bedroom-plus residences, private garage parking, and multiple elevated outdoor spaces.

Property SizeContact for details
Days on Market143

Property Features for 2343 N Elston Ave

General Information

Standard status Active
Total Parking Spaces 9
Property subtype Multifamily

Units

Multifamily Units 9
Parking per Unit 1

Amenities

private garage decks
rooftop decks
Listing Agency: North Clybourn Group, Inc.
Listed By: Karen Biazar · License #IL
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 8:20PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of North Clybourn Group, Inc.

Investment Insights

Based on property information with market context.

This new-construction apartment property contains 9 residences, all configured with at least three bedrooms. The mix includes duplexes, three-bedroom simplex units, and penthouse duplexes, with layouts designed around open living, dining, and kitchen areas. Interior specifications include Thermador appliances, KAM cabinetry, matte-black upper cabinets, and wood-tone kitchen islands.

Outdoor features extend across the development, including private decks connected to garage areas and rooftop decks. Penthouse residences include private rooftop decks with skyline views, while every unit has dedicated garage parking. The property is positioned at 2343 N Elston Ave in Chicago, near the Bucktown and Lincoln Park areas, with nearby access to local retail and the Mid-Town Athletic Club. The offering includes a pro forma cap rate of 6.02%.

Key Highlights

  • 9‑unit new‑construction apartment property
  • Every residence has 3 bedrooms or more
  • Unit mix includes duplexes, simplex apartments, and penthouse duplexes

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Accounting Firm Garden Center Nursing Home (Bike/Boat/Book/etc) Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

2,505
Businesses Nearby

Demographics for 60614, IL

73,173
Population
38,089
Households
1.9
Avg Household Size
31
Median Age
86%
College-Educated
98%
High-School Grad
3.2 sq mi
ZIP Area
22,867
Density / Sq Mi
$139,561
Median Household Income
$86,386
Median Earnings
$2,019
Median Rent
$730,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - New-construction multifamily property with three-bedroom-plus residences, private garage parking, and multiple elevated outdoor spaces.
Where is this apartment building located?
The property is located at 2343 N Elston Ave Chicago, IL.
What are key features of this property?
This property features: 9‑unit new‑construction apartment property; Every residence has 3 bedrooms or more; Unit mix includes duplexes, simplex apartments, and penthouse duplexes
(773) 645-7900 Call to check price and availability
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