Joe Kahlhammer Of Essex Realty Group Sells Multifamily Asset In Chicago For $3.025M

The property involved in this transaction is a multifamily asset located at 7909-15 South Normal Avenue, 441 West 79th Street & 445-59 West 79th Street in the Chicago market. The sale price for the property was $3,025,000, encompassing a total of 55 units. The property spans a square footage of 44,700, resulting in a price per unit of $55,000 and a price per square foot of $67.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,025,000
• Units: 55
• Square Footage: 44,700
• Price per Unit: $55,000
• Price per Square Foot: $67
• Broker: Joe Kahlhammer - Essex Realty Group
• Date of Transaction: 07/03/2025

Joe Kahlhammer from Essex Realty Group represented the sale, facilitating the transaction in the Chicago market. His expertise was instrumental in managing the complexities associated with this multifamily property deal, helping to navigate the process smoothly.