Essex Realty Facilitates Sale Of Logan Square Multifamily Building For $1.25M

Chicago-based multifamily brokerage firm Essex Realty Group, Inc. recently facilitated the sale of 2809 W. Logan Boulevard, a beautiful Greystone apartment building located in the heart of Chicago’s vibrant Logan Square neighborhood. The four-unit building is comprised of a mix of one-, two-, and three-bedroom apartment floorplans. The property has been under the same ownership for over 30 years and presents a new owner with multiple value-add opportunities.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $1,250,000
• Units: 4
• Price Per Unit: $312,500
• Market: Logan Square, Chicago
• BROKERS: Abe Eilian & Brian Keegan - Essex Realty

Essex Realty Group, Inc., led by Abe Eilian and Brian Keegan, facilitated the sale of 2809 W. Logan Boulevard. The seller, a local investor, hired Essex Realty to exclusively market the property. Within a 10-day timeframe, Essex led an extensive marketing campaign resulting in six written offers. The property ultimately sold within 99% of the original list price. Keegan represented the buyer, a local investor, in this transaction. Eilian explained that the property attracted both live-in owners and pure investors due to the unit sizes and value-add component.