Multifamily Asset On North Wells Street Sold For $2.825M With Brokers Matt Feo Abe Eilian Drake Orser

The asset involved in the transaction is a multifamily property located at 1539 North Wells Street in Chicago. It consists of 4 units with a total square footage of 6,255, resulting in a price per unit of $706,250 and a price per square foot of $451. The transaction amount was $2,825,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,825,000
• Units: 4
• Square Footage: 6,255
• Price Per Unit: $706,250
• Price Per Square Foot: $451
• Date of Sale: 5/5/2025
• Market: Chicago

The individuals involved in the deal include Matt Feo, Abe Eilian, and Drake Orser, all representing Essex Realty Group. They played a key role in facilitating the transaction and served as the brokers for the multifamily property sale.