Essex Realty Group Facilitates Sale Of Wrigleyville Multifamily Property For $6.225M

Chicago-based multifamily brokerage firm Essex Realty Group, Inc. recently facilitated the sale of 1201 W. Addison Street, a 12-unit multifamily property located in Chicago’s popular Wrigleyville neighborhood. The property, situated on the southwest corner of Addison Street and Racine Avenue, is a classic corner walkup brick building with 12 apartment units. Completely renovated in 2017, the apartments feature beautiful quartz countertops, trendy two-tone kitchen cabinets, stainless steel appliances, and custom tile backsplashes. The spacious units also include hardwood floors, individual HVAC, in-unit washer/dryer, and individual back decks. The property's prime location, just one block west of Wrigley Field, offers close proximity to public transportation and Chicago’s beautiful lakefront. This exclusive investment opportunity allowed the buyers to own a stately corner building in the highly sought-after Wrigleyville neighborhood.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,225,000
• Address: 1201 W. Addison Street
• Market: Wrigleyville, Chicago

The sale of 1201 W. Addison Street was facilitated by Jim Darrow, Jordan Gottlieb, Sarah Rider, and Abe Eilian of Essex Realty. The high price per unit reflects the exceptional renovation work done by the sellers, which was greatly appreciated by the buyer. This deal attracted the buyer's attention due to the quality of the renovations and the opportunity to own a trophy building just one block from Wrigley Field.