Jordan Gottlieb & Jordan Multack Sell Logan Square Multifamily Portfolio For $6.3M

The Cortland Corner multifamily portfolio in Logan Square, Chicago has been sold for a total price of $6,300,000. The sale included two buildings located at 3023 W. Cortland St and 3043 W. Cortland St, comprising a total of 39 units. The sale was facilitated by the multifamily team of Jordan Multack and Jordan Gottlieb from Essex Realty Group, Inc. The buyer was represented by Jordan Gottlieb.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,300,000
• Address: 3023 W. Cortland St and 3043 W. Cortland St, Logan Square, Chicago
• Market: Logan Square, Chicago
• Units: 39
• Price Per Unit: $161,538

The buildings feature primarily large one- and two-bedroom layouts, with a mix of vintage and lightly updated kitchens and bathrooms. Each apartment has separate individual gas furnaces and hot water heaters, along with common laundry facilities in the basement. Conveniently located within a mile of both the Western and California Blue Line CTA Stations, as well as several bus stops, residents enjoy excellent access to public transportation options.

Jordan Multack expressed pleasure in representing both the buyers and seller in this transaction. He acknowledged the seller's long-term ownership of these properties and their foresight in recognizing the potential of Logan Square. Multack also expressed excitement about the future transformation of these beautiful buildings, which offer the sought-after oversized one- and two-bedroom apartments that tenants prefer.

Essex Realty Group, Inc., the brokerage firm involved in the sale, has been active in Logan Square. In addition to the Cortland Corner portfolio, Jordan Multack recently closed deals for two other properties in the area - 1701 N. Kedzie Avenue and 1846 N. California Avenue.