Local Investor Acquires Evanston Multifamily Property For $1.275M

Chicago-based multifamily brokerage firm Essex Realty Group, Inc. recently facilitated the sale of 1019 Dempster Street, a center-entrance 6-unit multifamily building located in Evanston, IL. The property, consisting of six spacious three-bedroom apartment units, is situated just off the southeast corner of Dempster Street and Oak Avenue, conveniently located only 4 blocks from the city's downtown area.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,275,000
• Units: 6
• Price Per Unit: $212,500
• Date: 02/25/2022
• Market: Evanston

A local investor purchased the property for $1,275,000, or $212,500 per unit. The sale was facilitated by Jim Darrow, Jordan Gottlieb, Sarah Rider, and Matt Feo from Essex Realty Group, Inc. Jim Darrow and Jordan Gottlieb, along with associate Sarah Rider, exclusively marketed the property for sale. Matt Feo represented the buyer in this transaction.

During a four-week marketing campaign led by Essex Realty Group, the property received more than 20 property tours and attracted multiple offers. Ultimately, the property sold within 98% of the list price to a local investor.