Essex Realty Group Sells 22-Unit Mixed-Use Property In Auburn Gresham For $1M

Essex Realty Group, Inc. has announced the sale of a mixed-use property located at 8000 S. Ashland Avenue, Auburn Gresham, Chicago, IL. The property consists of 22 units and is situated in the historic neighborhood, just 20 minutes south of Downtown Chicago.

Summary of transaction details:

• Property Type: Mixed-use
• Sale Price: $1,000,000
• Square Footage: 14,800 SF
• Price Per Square Foot: $68
• Address: 8000 S Ashland Ave, Auburn Gresham, Chicago, IL

Prior to the sale, significant remodeling, maintenance, and updates were done to over 80% of the units, while still preserving the property's historic architecture and grandeur. The unit mix of 8000 S. Ashland Avenue includes twelve (12) studios and four (4) 1 Bed / 1 Bath apartments.

Noted broker Brian Mond from Essex Realty Group facilitated the transaction.