Essex Realty Group Acquires Ukrainian Village Multifamily Portfolio For $2.03M

The Ukrainian Village two-property portfolio located at 2641 & 2647 W. Augusta Blvd has been sold for a total of $2,030,000. The multifamily buildings, consisting of 12 units, were sold at an average price per unit of $169,167. The total square footage of the properties is 11,943, translating to a price per square foot of $170. The sale was facilitated by Jordan Gottlieb, Jim Darrow, Sarah Rider, and Jaimie Steinher from Essex Realty Group, Inc.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,030,000
• Units: 12
• Price per Unit: $169,167
• Total Square Footage: 11,943
• Price per Square Foot: $170
• Address: 2641 & 2647 W. Augusta Blvd
• Market: Ukrainian Village

Congratulations to the Essex Realty Group, Inc. for representing both the buyer and the seller in this successful deal. Jaimie Steinher, an Essex director, represented the buyer. The Ukrainian Village properties garnered significant attention, attracting 16 groups to view them and generating nine offers. Within just two weeks of being listed on the market, the properties went under contract, showcasing the strong demand for properties in this neighborhood. Kudos to everyone involved in this transaction!