Essex Realty Facilitates Sale Of South Shore Multifamily For $480K

Located in Chicago's South Shore neighborhood, 7846 S. Exchange Avenue is a 10-unit multifamily building that was recently sold for approximately $480,000. The property, marketed by Brian Mond of Essex Realty, was purchased by a local investor represented by Jacob Goldstein. This marks the third time that Essex brokers have facilitated the sale of this property, with previous sales occurring in 2018 and 2010. The unit mix consists of ten 1 bed/1 bath apartments, and the building is conveniently located just two blocks from Rainbow Beach and Rainbow Beach Park, as well as being steps away from the Cheltenham/79th Street Metra Station.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $480,000
• Units: 10
• Price Per Unit: $48,000

Essex Realty, represented by Brian Mond and Jacob Goldstein, played key roles in this transaction. Brian Mond was retained to exclusively market the property on behalf of the local investor, while Jacob Goldstein represented the buyer. Both brokers successfully completed the deal, adding to their track record of sales in the South Shore neighborhood.