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Essex brokers sale of two vintage North Side apartment buildings


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.  ....

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Essex Realty Group Announces Record Sale of Cullerton Street Apartment Building Located in Chicago's Vibrant Pilsen Neighborhood


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.   ....

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