Chicago Multifamily Property On Argyle St. Sells For $1.6M To Local Investor

Chicago-based commercial real estate brokerage firm Essex Realty Group, Inc. has announced the sale of a 6-unit multifamily property located at 940 W. Argyle Street in Chicago’s Uptown neighborhood. The property was sold to a local investor for approximately $1,646,000, with each unit priced at $274,333.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $1,646,000
• Address: 940 W. Argyle Street, Chicago
• Market: Chicago

The team at Essex Realty Group, led by director Clay Maxfield and associate Mack Quaid, represented the seller, a local investor, in the transaction. Their extensive marketing campaign resulted in over 12 property tours and multiple offers. On the buyer side, the team was represented by President Doug Imber, Principal Kate Varde, and Directors Jaimie Steinher and Dan Shepherd.

The property at 940 W. Argyle Street consists of five large 3 bed/1 bath units and one 2 bed/1 bath unit. The units feature hardwood floors, vintage details, and varying levels of kitchen and bath finishes. Situated within 0.20 miles from the new Argyle CTA Red Line station, the location offers easy access to transportation.