Essex Realty Group Sells Noble Square Multifamily Property For $1.2M

Essex Realty Group, Inc. has announced the sale of a four-unit multifamily property located at 1547 W. Walton Street in Chicago's Noble Square neighborhood. The property, situated on the border of Noble Square and Ukrainian Village in West Town, offers a mix of three 3-bedroom/2-bathroom apartments and one 2-bedroom/2-bathroom garden apartment. Each unit is well-equipped with individual HVAC, hot water tanks, in-unit laundry, hardwood floors, gas fireplaces, and kitchens featuring granite countertops, tile backsplashes, and built-in wine racks. Additionally, the property boasts a brand-new roof with a transferrable warranty, individual storage units, and six tandem parking spaces.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $1,200,000
• Address: 1547 W. Walton Street
• Market: Noble Square, Chicago
• Units: 4
• Price Per Unit: $300,000

The local sellers were represented by Doug Imber, Kate Varde, Jaimie Steinher, and Dan Shepherd from Essex Realty Group, Inc. during the transaction. The property garnered considerable interest, with multiple property tours conducted as a result of Essex's extensive marketing campaign. Eventually, the property was sold to a local investor for approximately $1,200,000. Jordan Gottlieb, the Principal at Essex Realty Group, Inc., acted as the buyer's representative in the deal.