Essex Realty Group Facilitates $1.07M Portfolio Sale Of Two South Side Multifamily Properties

The portfolio sale of two multifamily properties on Chicago's South Side has been facilitated by Essex Realty Group Inc. The properties, located at 8014-16 S. Ingleside Avenue in East Chatham and 7513-15 S. Eberhart Avenue in Greater Grand Crossing, total 12 units. The transaction price amounted to $1,070,000, with each unit priced at $89,167. The properties span a total area of 11,740 square feet, resulting in a price per square foot of $91.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,070,000
• Units: 12
• Price Per Unit: $89,167
• Square Footage: 11,740
• Price Per Square Foot: $91

Essex Realty Group Inc. played a crucial role in the successful sale of these two value-add properties. The neighboring community to the north, Greater Grand Crossing, is home to 7513-15 S. Eberhart Avenue, while East Chatham is where 8014-16 S. Ingleside Avenue is situated. This portfolio sale demonstrates Essex Realty Group Inc.'s expertise in multifamily property transactions on the South Side of Chicago.