Essex Realty Group, Inc. Closes $7.27M Crestwood Portfolio Sale

The Crestwood Portfolio, located at 5420 West 129th Place in Crestwood, was recently sold in a multifamily property transaction. The portfolio consists of 60 units spread across multiple parcels, totaling 54,000 square feet. The sale price for the Crestwood Portfolio was $7,270,000, with a price per unit of $121,167 and a price per square foot of $135. The property is well-located in the Crestwood market.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $7,270,000
• Units: 60
• Price Per Unit: $121,167
• Square Footage: 54,000
• Price Per Square Foot: $135
• Market: Crestwood

In this transaction, Derek Kaptanoglu from Essex Realty Group, Inc. represented the buyer, while Brian Keegan, also from Essex Realty Group, Inc., represented the seller. Congratulations to both Derek Kaptanoglu and Brian Keegan on the successful closing of the Crestwood Portfolio. Essex Realty Group, Inc. can provide more information about this sale or assist with evaluating the value of your Chicagoland assets.