Mitir A. Patel Of Essex Three-Twelve Represents Seller In $1.24M Multifamily Sale In Chicago

A turnkey three-unit multifamily property located at 3141 North Oakley Avenue in Chicago’s Roscoe Village has been sold for $1.24 million. The property features three units and has a price per unit of $413,333, with strong demand contributing to a competitive bidding environment.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,240,000
• Units: 3
• Price Per Unit: $413,333
• Date of Sale: 08/12/2026
• Market: Chicago, IL
• Broker: Mitir A. Patel - Essex Three-Twelve

Director Mitir A. Patel represented the seller in this transaction, which saw a full asking price offer made after generating three bids due to limited inventory in the market. The strong demand played a significant role in driving competition for the property.