Essex Realty Group Represents Sale Of Multifamily Property In Island Lake For $4.35M

The multifamily property located at 517-525 East Burnett Road in Island Lake has a sale price of $4,350,000. The asset comprises 32 units, covering a total square footage of 25,275, resulting in a price per unit of $135,937 and a price per square foot of $172.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,350,000
• Units: 32
• Square Footage: 25,275
• Price per Unit: $135,937
• Price per Square Foot: $172

The transaction was facilitated by brokers Jimmy Donahue, Brian Karmowski, and Anthony Citriglia representing Essex Realty Group. They played a pivotal role in bringing this deal to fruition within the market.