Essex Realty Sells 17-Unit Mixed-Use Property For $615K In South Shore, Chicago

Located in South Shore, Chicago, the mixed-use property at 7450 S. Luella Avenue has been sold in a recent transaction. The property comprises 17 units and was listed for sale by Essex Realty on behalf of a local investor. The deal was facilitated by Brian Mond, the director at Essex Realty, who also represented the out-of-state buyer. The property sold for approximately $615,000, making it a lucrative investment opportunity.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $615,000
• Units: 17
• Price Per Unit (PPU): $36,176

Essex Realty's Brian Mond played a crucial role in the transaction, acting as both the listing agent and representing the buyer. With his expertise, the out-of-state buyer recognized the potential in the 7450 S. Luella Avenue property. Mond's involvement ensured a smooth and successful deal, highlighting his dedication to meeting the needs of his clients.