Essex Realty Group Facilitates $27.2M Multifamily Sales In Evanston For 125 Units

Three multifamily properties were sold in Evanston, Illinois, consisting of a 32-unit asset at 632-640 Hinman Avenue for $10.3 million, a 63-unit property at 1400 Chicago Avenue for $10.5 million, and a 30-unit townhome community at 2007 Ashland Avenue for $6.4 million. The total transaction value amounted to $27.2 million for 125 units, with an average price per unit of $217,600.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $27,200,000
• Units: 125
• Price Per Unit: $217,600
• Address: 632-640 Hinman Avenue, 1400 Chicago Avenue & 2007 Ashland Avenue
• Market: Evanston

Essex Realty Group represented both sides in the transactions, with Doug Imber, Kate Varde, Rick Ofman, Brian Karmowski, and Abe Eilian acting as brokers throughout the sales process.