Essex Realty Facilitates Sale Of Multifamily Property In Humboldt Park For $3.85M

The multifamily property located at 3126-3134 W. Walton Street in Humboldt Park, Chicago has been sold for $3,850,000. The sale was facilitated by Chicago-based multifamily brokerage firm, Essex Realty Group, Inc. The property consists of four adjacent four-unit buildings and was completed in 2010. Each unit features hardwood floors, gourmet kitchens with stainless steel appliances and granite countertops, in-unit laundry, and outdoor space including front and rear decks. The property also offers access to shared rooftop decks with city skyline views. Located less than two blocks from Humboldt Park, this property provides convenient access to the park's amenities and features.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $3,850,000
• Units: 16
• Price Per Unit: $240,625
• Market: Humboldt Park, Chicago

Essex Principals Jim Darrow and Jordan Gottlieb represented the seller, a local investor, in marketing the property for sale. The property was ultimately sold to a local investor. This sale represents the highest price per unit achieved for a multifamily transaction in the last two years in Humboldt Park, according to Co-Star Comps.

Note: Essex Realty Group, Inc. recently closed the sale of 3126-3134 W. Walton Street, a notable apartment property in Humboldt Park.