Essex Realty Sells Mixed-Use Property In Roscoe Village, Chicago For $14.8M

A multifamily team led by Steven Livaditis and Jacob Goldstein of Essex Realty Group, Inc. successfully marketed and sold a luxury boutique mixed-use property in Roscoe Village, Chicago. The property, located at 2827-47 N. Clybourn Ave, was sold to a local investor for $14,800,000, setting a near-record price per unit of over $410,000. The property consists of 30 apartment units and six commercial spaces, completed in 2020. Each apartment unit is a 2 bedroom/2 bath with spacious floorplans and high-end custom finishes, featuring balconies and private rooftop lounge patios. The property also offers amenities such as a private fitness center and heated indoor garage parking.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $14,800,000
• Address: 2827-47 N. Clybourn Ave
• Market: Roscoe Village, Chicago

The property is situated on the northeast side of Clybourn Avenue, just one block east of the north branch of the Chicago River. Roscoe Village is a charming north side neighborhood, surrounded by Lakeview, North Center, and Bucktown. The area offers a mix of new condo buildings, residential apartments, and retail corridors. Tenants at 2827-48 N Clybourn have convenient access to major retailers such as Starbucks, Jewel-Osco, CVS, as well as unique independent establishments like Hexe Coffee Co. Residents can also enjoy outdoor activities at Fellger Playlot Park and Hamlin Park. The diverse qualities of Roscoe Village make it a desirable area to call home.

Steve Livaditis and Jacob Goldstein of Essex Realty Group, Inc. served as the brokers in this transaction, leading an extensive marketing campaign that generated multiple offers within a four-week timeframe. Their expertise and efforts resulted in the successful sale of the property to a local investor.