ChicagoMultifamily_EssexRealty Sells Mixed-Use Property In Logan Square For $1.76M

Chicago based brokerage firm Essex Realty Group, Inc. has announced the sale of 2834 W. Fullerton Avenue, a nine-unit mixed-use property in Chicago’s Logan Square neighborhood. The property, located on the corner of Fullerton Avenue and Mozart Street, was sold for approximately $1,761,000. The sale was facilitated by Essex Principals Jim Darrow and Jordan Gottlieb, who conducted an extensive marketing campaign resulting in over 13 property tours and five offers.

Summary of transaction details:

• Property Type: Mixed-use
• Sale Price: $1,761,000
• Address: 2834 W. Fullerton Avenue
• Market: Logan Square, Chicago

The nine-unit property consists of spacious two- and three-bedroom apartments, as well as a ground level commercial space currently occupied by a barber shop. The apartments feature hardwood floors, a mix of white or stainless steel appliances, oak cabinetry, and individual furnaces. On-site amenities include shared laundry and storage units in the basement.

The seller, who had owned the property for over 15 years, took advantage of the continued growth in Logan Square and the prime location of the property. The buyer hopes to capitalize on the long-term growth of this market moving forward. The property's convenient location, less than a mile from both the California and Logan Square Blue Line CTA Stations, adds to its appeal.