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Essex brokers $3 85 million deal for Rogers Park apartment building
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Essex Realty Group Closes Sale of Mixed-Use Apartment Building Located in The Popular Edison Park Neighborhood of Chicago
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Essex Realty Group expands team with new hire
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Essex brokers sale of two vintage North Side apartment buildings May 10, 2021
Essex Realty Group, Inc. announced the sale of 4827-4833 N. Wolcott Avenue, a 25-unit courtyard building located in Chicago’s popular Ravenswood neighborhood.
Essex Principals Jim Darrow and Jordan Gottlieb represented the out-of-state seller. This Essex team conducted an extensive marketing campaign resulting in more than 21 property tours and five offers. The property closed for approximately $5,435,500. Essex Principal Steve Livaditis represented the buyer, a local investor, in this transaction.
The property is comprised of spacious one- and two-bedroom apartments with separate living and dining rooms. The units include hardwood floors and a mix of white or stainless-steel appliances. Shared laundry is located on-site in the basement.
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.