Essex Realty Group Helps Facilitate Sale Of Lakeview Multifamily Property For $1.825M

An exceptional six-unit multifamily property located at 3812 N. Wayne Avenue in Chicago's sought-after Lakeview neighborhood has been sold for $1,825,000. The property features six large 2 bed/1 bath apartment units with formal dining rooms, oversized family rooms, enclosed sunrooms, and rear outdoor porches. These spacious apartments include hardwood floors, in-unit laundry, and modest updates to the kitchens and bathrooms while maintaining their vintage appeal. The property is situated in the highly accredited Blaine School District and is surrounded by multi-million-dollar homes. It is also conveniently located near the vibrant retail and entertainment district of Southport corridor.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,825,000
• Address: 3812 N. Wayne Avenue, Chicago
• Market: Chicago
• Units: 6
• Price per Unit: $304,167

Chicago-based commercial real estate brokerage firm Essex Realty Group, Inc. facilitated the sale of 3812 N. Wayne Avenue. After an extensive marketing campaign that included 15 property tours and six offers, the property was sold under a non-contingent contract within three weeks of being on the market. The buyer, a local family office, was represented by Essex Principals Jim Darrow and Jordan Gottlieb. The seller, a family partnership, was represented by Essex Principal Steve Livaditis.