Essex Realty Group Facilitates Sale Of Wicker Park Multifamily For $1.8M With Local Investor As Buyer

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!