Essex Realty Group Brokers Close $8.88M Addison Multifamily Sale

The multifamily property located at 505, 530 West Stevens Drive, 516, 524 Green Oaks Court North, 521 Green Oaks Court South, and 529 Macie Court in Addison, IL, was sold for $8,875,000. The property comprises 83 units with a price per unit of $106,928, spanning 69,700 square feet, equating to a price per square foot of $127.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,875,000
• Units: 83
• Price Per Unit: $106,928
• Square Footage: 69,700
• Price Per Square Foot: $127
• Address: 505, 530 West Stevens Drive, 516, 524 Green Oaks Court North, 521 Green Oaks Court South, and 529 Macie Court
• Market: Addison, IL

Michael Anguiano and Jeremy DeMarco from Essex Realty Group facilitated the transaction as the brokers involved in the deal.