Essex Realty Group Sells Fairview Station Flats, An 18-Unit Apartment Building In Downers Grove For $7.8M

Fairview Station Flats, an 18-unit apartment building located at 5117 Fairview Avenue in Downers Grove, was recently sold by Essex Realty Group to a local investor for a price of $7.8 million. The property's sale highlight the growing interest of Chicago investors in suburban properties.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $7,800,000
• Address: 5117 Fairview Avenue
• Market: Downers Grove

Derek Kaptanoglu and Brian Karmowski from Essex Realty Group facilitated the sale of Fairview Station Flats. Their expertise and negotiation skills played a crucial role in attracting a local investor for this transaction. With 18 units available and a per unit price of $433,333, this property represents a significant investment opportunity in the Downers Grove market.