SOLD
Essex Realty Group Facilitates Sale Of Wicker Park Multifamily For $1.8M With Local Investor As Buyer
1452 North Bosworth Avenue
MultiFamily
8,500 SF
8,500 SF
Sold 1 year ago
Summary
Sale
ILLINOIS
MultiFamily
8,500 sqft
Chicago-based multifamily brokerage firm Essex Realty Group, Inc. recently facilitated the sale of 1452 North Bosworth Avenue, a 10-unit multifamily property located in Chicago's popular Wicker Park neighborhood. The property, situated on an extra-wide lot, consists of an eight-unit front and rear brick apartment building with a two-unit coach house. The front building offers 1 bed/1 bath & 1 bed + den/1 bath layouts, all receiving ample natural light. The coach house units are loft-style with 2 bedrooms and 2 bathrooms, one in value-add condition and the other renovated with white shaker cabinets, granite counters, and stainless-steel appliances. The property also boasts a bright, nicely landscaped side yard and seating area for tenants.
Summary of transation details
- Property Type: Multifamily
- Sale Price: $1,819,000
- Number of Units: 10
- Price per Unit: $181,900
- Total Square Footage: 8,500
- Price per Square Foot: $214
- Address: 1452 N Bosworth Ave
- Market: Wicker Park, Chicago
A multifamily team comprised of Essex Principals Jim Darrow and Jordan Gottlieb and associate Sarah Rider exclusively marketed the property for sale. They conducted an extensive marketing campaign, resulting in eighteen tours. Ultimately, a local investor purchased the property for $1,819,000, equivalent to $181,900 per unit. Congratulations to all involved in this successful deal!
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Sarah Rider, Jordan Gottlieb & Jim Darrow
DATE: 07/27/2022
ADDRESS: 1452 N Bosworth Ave
MARKET: Wicker Park, Chicago
ASSET TYPE: Multifamily
BROKERS: Jordan Gottlieb, Jim Darrow (@Genco_land_co) & Sarah Rider - Essex Realty
SALE PRICE: $1,819,000
UNITS: 10 ~ PPU: $181,900
SF: 8,500 ~ PPSF: $214
NOTE FROM BROKERS: Chicago-based multifamily brokerage firm Essex Realty Group, Inc. recently facilitated the sale of 1452 North Bosworth Avenue, a 10-unit multifamily property located in Chicago’s popular Wicker Park neighborhood.
A multifamily team comprised of Essex Principals Jim Darrow and Jordan Gottlieb and associate Sarah Rider exclusively marketed the property for sale. The Essex team led an extensive marketing campaign resulting in eighteen tours. The property ultimately sold to a local investor for $1,819,000, which equates to $181,900 per unit.
1452 North Bosworth Avenue is an eight-unit front and rear brick apartment building with a two-unit coach house. The property is on the west side of Bosworth Avenue, situated on an extra-wide lot, and offers tenants a bright, nicely landscaped side yard and seating area. The front building consists of 1 bed/1 bath & 1 bed + den/1 bath layouts, all of which receive a great deal of natural light due to their south facing windows & the building’s lot size. All units in the front building are in value-add condition. The coach house units are identical lay outs to one another, which consist of 2 bedrooms and 2 bathrooms. The units are loft-style, with the primary bedroom and bath on the second level. One unit was in value-add condition, while the other is renovated with white shaker cabinets, granite counters and stainless-steel appliances.
Congratulations to all involved in this excellent deal!View on map
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Address1452 North Bosworth Avenue
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