Essex Realty Facilitates $1.0M Sale Of Multifamily Property In East Rogers Park

This exceptional center-entrance six-flat located at 1426 W. Jonquil Terrace in East Rogers Park, Chicago has recently been sold for the first time in 35 years. The property, marketed by Essex Realty Group, Inc., features five spacious three-bedroom apartments and one large two-bedroom apartment. It has been well-preserved over the 30+ years of ownership and offers potential for value-add strategies such as increasing rents and renovating to bring them to market level. The property includes formal dining rooms, oversized family rooms, and enclosed sunrooms.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,037,500
• Units: 6
• Price Per Unit: $172,916
• Address: 1426 W. Jonquil Terrace
• Market: East Rogers Park, Chicago

The seller of 1426 W. Jonquil Terrace enlisted the services of Essex Realty Group, Inc. to sell the property. The marketing campaign led by Steve Livaditis and Jacob Goldstein resulted in more than 12 property tours and multiple offers within a two-week timeframe. The property was ultimately sold to a local investor for $1,037,500, with Abe Eilian of Essex Realty Group representing the buyer.