Essex Realty Group Facilitates $1.88M Sale Of Jefferson Park Luxury Townhomes

Essex Realty Group, Inc. has announced the sale of two buildings located at 5640 and 5641 W. Carmen Avenue in Chicago’s Jefferson Park neighborhood. These buildings consist of eight luxury townhomes, offering a single-family home environment to renters. The townhome units are spacious 2 Bed /2 Bath tri-level units, extensively remodeled with updated kitchens, bathrooms, hardwood flooring, and in-unit laundry. Each unit also has its own parking space. The property is conveniently situated next to the Jefferson Park Metra station and within walking distance of multiple CTA bus stops along Milwaukee Avenue, providing easy access to transportation.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,880,000
• Units: 8
• Price per Unit: $235,000

The sale of these townhomes was facilitated by Essex Principal Steve Livaditis, Director Matt Feo, and Director Abe Eilian. Essex Realty Group led an extensive marketing campaign, resulting in multiple offers from regional and local investors. Ultimately, the property was sold to a northside investor who secured agency debt for the purchase. Livaditis highlighted the appeal of these rental units, especially in a post-Covid era, as they offered a desirable living environment for those seeking a larger, more residential-like space in the northside area.