SOLD
Essex Realty Group Sells Fairview Station Flats, An 18-Unit Apartment Building In Downers Grove For $7.8M
5117 Fairview Avenue
MultiFamily
Sold 270 days ago
Summary
Sale
ILLINOIS
MultiFamily
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.
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Details
SOLD
IMAGE: Derek Kaptanoglu & Brian Karmowski
DATE: 08/04/2023
ADDRESS: 5117 Fairview Avenue
MARKET: Downers Grove
ASSET TYPE: Multifamily
BROKERS: Derek Kaptanoglu & Brian Karmowski - Essex Realty Group (@EssexRealtyGroupInc)
SALE PRICE: $7,800,000
UNITS: 18 ~ PPU: $433,333
NOTE: Essex Realty Group sold Fairview Station Flats, an 18-unit apartment building in Downers Grove, to a local investor for $7.8 million. The property's high sale price highlights the increasing interest of Chicago investors in suburban properties.View on map
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Address5117 Fairview Avenue
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