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.