Essex Realty Group Sells 20-Unit Mixed-Use Property In Auburn Gresham, Chicago For $680,000

Essex Realty Group, Inc. has announced the sale of a 20-unit mixed-use investment opportunity located at 7959 S. Ashland Avenue in Chicago's Auburn Gresham neighborhood. The property, situated on the corner of Ashland and 80th Street, consists of four retail spaces and 16 apartment units. It is conveniently located just one block south of the popular commercial stretch along 79th Street. The property was listed for approximately $680,000 and closed within three months of being listed.

Summary of transaction details

• Property Type: Mixed-use
• Sale Price: $680,000
• Units: 20
• Price per Unit: $34,000
• Address: 7959 S. Ashland Avenue
• Market: Auburn Gresham, Chicago

The broker on the transaction was Brian Mond of Essex Realty Group, Inc. An extensive marketing campaign led to four offers within just four weeks of marketing. Investor interest in the South Side of Chicago remains strong, with this sale being one of five transactions closed by Essex Realty Group in the past three months. Additionally, the company has listed six more transactions in the area, two of which are already under contract.

This sale demonstrates the continued demand for investment opportunities in Chicago's South Side, and Essex Realty Group is actively participating in the vibrant market. The company's success in closing multiple transactions and attracting interested investors highlights the positive activity and potential for growth in the area.