CHICAGO, Il - Essex Realty Group, Inc., a mid-market brokerage firm based in Chicago, IL is pleased to announce the sale of 1417 W. Cullerton Street, a six-unit multifamily property located in Chicago’s Pilsen neighborhood.
The property closed for $1,080,000 or $180,000 per unit. According to Co-Star Comps, this is the highest price per unit for a multi-family property featuring five units or more sold in the last year. Essex Principals Jim Darrow and Jordan Gottlieb, with Director Jordan Multack represented the seller, a local investor. Essex Director Matt Feo represented the buyer.
“The buyer found a great opportunity in 1417 W. Cullerton as this property is a well-maintained asset located in a great pocket within a vibrant and growing neighborhood,” explains Feo.