Opportunity Knocks: 597-605 Elmwood Avenue

Sometimes “Truth is stranger than fiction.” That is the case with 597-605 Elmwood Avenue, which has left its immediate neighbors scratching their collective head for years. Missing owner, property damage, vagrants, closures, graffiti, garbage, 311 calls, drugs, ambulances, block club meetings… the list goes on and on. And just when we thought that we might never see a resolution to the madness, the apartment complex is now – as if out of the blue – listed for sale at $2,500,000

From the Redfin listing:

Welcome to 597–605 Elmwood Avenue, a truly iconic 49-unit apartment building in the heart of Elmwood Village, ready for its next chapter in the right hands of a seasoned and visionary investor. This is not a project for just anyone. This is a once-in-a-generation opportunity to acquire and redevelop a landmark property on one of the city’s most vibrant and walkable corridors.

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