@TradedChicago

SALE
IMAGE: Lucas Fryman, Jon Morgan, Sam Gutierrez & David Goss
DATE: 05/14/2021
ADDRESS: 4351-59 S. Martin Luther King Drive
MARKET: Bronzeville, Chicago
ASSET TYPE: Multifamily

BROKERS: Lucas Fryman (@LFryDaddy), David Goss (@DavidGoss7259), Jon Morgan (@Morgan15msu), Sam Gutierrez (@SamGutierrez1)

SALE PRICE: $1,925,000
UNITS: 18 ~ PPU: $107,000
CAP RATE: 6.9%
GRM: 7.07

#Chicago #RealEstate #TradedChicago #Bronzeville #Multifamily #LucasFryman #DavidGoss #JonMorgan #SamGutierrez

SALE
IMAGE: Lucas Fryman, Jon Morgan, Sam Gutierrez & David Goss
DATE: 05/14/2021
ADDRESS: 4351-59 S. Martin Luther King Drive
MARKET: Bronzeville, Chicago
ASSET TYPE: Multifamily

BROKERS: Lucas Fryman (@LFryDaddy), David Goss (@DavidGoss7259), Jon Morgan (@Morgan15msu), Sam Gutierrez (@SamGutierrez1)

SALE PRICE: $1,925,000
UNITS: 18 ~ PPU: $107,000
CAP RATE: 6.9%
GRM: 7.07

#Chicago #RealEstate #TradedChicago #Bronzeville #Multifamily #LucasFryman #DavidGoss #JonMorgan #SamGutierrez
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SALE
IMAGE: Matt Feo, Steve Livaditis & Jordan Multack
DATE: 07/07/2021
ADDRESS: 7240 W. Devon Avenue
MARKET: Edison Park, Chicago
ASSET TYPE: Mixed-use

BROKERS: Steve Livaditis, Matt Feo, Jordan Multack - (@ChicagoMultifamily_EssexRealty)

SALE PRICE: $4,000,000
UNITS: 13 ~ PPU: $307,692 (10 apartments + 3 commercial spaces)

NOTE: Essex Closes Trophy Asset In Edison Park 

CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 7240 W. Devon Avenue, an exceptional newer construction mixed-use property located in the Edison Park neighborhood of Chicago.

Essex Principal Steve Livaditis and Director Matt Feo were retained to exclusively market this luxury property for sale on behalf of a local ownership group and sold the property within days to a repeat buyer. The property was sold for approximately $4,000,000 and the purchaser was represented by Essex director Jordan Multack.

“This is an iconic building in the Edison Park neighborhood as Dunkin’ attracted hundreds of customers to the property daily.  Located steps away from multiple public transportation arteries and downtown Park Ridge, these modern apartments featured all the latest detail and finishes that attracted the most premier tenants in the market,” explained Livaditis. 

7240 W. Devon Avenue is comprised of 10 apartments and ground floor commercial spaces with the Dunkin’ Donuts as the anchor retail tenant. The apartment units have expansive floorplans and include condo-quality finishes with high-end amenities including a communal outdoor Skydeck lounge. The property was 100% leased at time of sale with no deferred maintenance and the new purchaser plans on maintaining this passive investment while slowly growing rents over time.

Situated on the northwest corner of Devon Avenue and Northwest Highway, the property is conveniently located less than 1 mile from the Edison Park and Norwood Park Metra Train Station. Additionally, the building is located steps from Edison Park's commercial corridor, which offers an abundance of restaurants, retailers, and green space.

#Chicago #RealEstate #TradedChicago #EdisonPark #Mixeduse #SteveLivaditis #MattFeo #JordanMultack #EssexRealtyGroup

SALE
IMAGE: Matt Feo, Steve Livaditis & Jordan Multack
DATE: 07/07/2021
ADDRESS: 7240 W. Devon Avenue
MARKET: Edison Park, Chicago
ASSET TYPE: Mixed-use

BROKERS: Steve Livaditis, Matt Feo, Jordan Multack - (@ChicagoMultifamily_EssexRealty)

SALE PRICE: $4,000,000
UNITS: 13 ~ PPU: $307,692 (10 apartments + 3 commercial spaces)

NOTE: Essex Closes Trophy Asset In Edison Park

CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 7240 W. Devon Avenue, an exceptional newer construction mixed-use property located in the Edison Park neighborhood of Chicago.

Essex Principal Steve Livaditis and Director Matt Feo were retained to exclusively market this luxury property for sale on behalf of a local ownership group and sold the property within days to a repeat buyer. The property was sold for approximately $4,000,000 and the purchaser was represented by Essex director Jordan Multack.

“This is an iconic building in the Edison Park neighborhood as Dunkin’ attracted hundreds of customers to the property daily. Located steps away from multiple public transportation arteries and downtown Park Ridge, these modern apartments featured all the latest detail and finishes that attracted the most premier tenants in the market,” explained Livaditis.

7240 W. Devon Avenue is comprised of 10 apartments and ground floor commercial spaces with the Dunkin’ Donuts as the anchor retail tenant. The apartment units have expansive floorplans and include condo-quality finishes with high-end amenities including a communal outdoor Skydeck lounge. The property was 100% leased at time of sale with no deferred maintenance and the new purchaser plans on maintaining this passive investment while slowly growing rents over time.

Situated on the northwest corner of Devon Avenue and Northwest Highway, the property is conveniently located less than 1 mile from the Edison Park and Norwood Park Metra Train Station. Additionally, the building is located steps from Edison Park's commercial corridor, which offers an abundance of restaurants, retailers, and green space.

#Chicago #RealEstate #TradedChicago #EdisonPark #Mixeduse #SteveLivaditis #MattFeo #JordanMultack #EssexRealtyGroup
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SALE
IMAGE: Jason Ricke
DATE: 07/09/2021
ADDRESS: 739 E South Broadway Ave
MARKET: Lombard, Il
ASSET TYPE: Multifamily

BUYER'S REP: Jason Ricke - Ricke Realty LLC
SELLER'S REP: Richard Dawidiuk - RE/MAX Central Inc.

SALE PRICE: $1,200,000
UNITS: 9 ~ PPU: $133,333
SF: 6,044 ~ PPSF: $199

#Chicago #RealEstate #TradedChicago #Lombard #Multifamily #JasonRicke #RickeRealtyLLC #RichardDawidiuk #REMAXCentralInc

SALE
IMAGE: Jason Ricke
DATE: 07/09/2021
ADDRESS: 739 E South Broadway Ave
MARKET: Lombard, Il
ASSET TYPE: Multifamily

BUYER'S REP: Jason Ricke - Ricke Realty LLC
SELLER'S REP: Richard Dawidiuk - RE/MAX Central Inc.

SALE PRICE: $1,200,000
UNITS: 9 ~ PPU: $133,333
SF: 6,044 ~ PPSF: $199

#Chicago #RealEstate #TradedChicago #Lombard #Multifamily #JasonRicke #RickeRealtyLLC #RichardDawidiuk #REMAXCentralInc
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SALE
IMAGE: Ben Useni
DATE: 07/13/2021
ADDRESS: 121 Town Crest Dr
MARKET: New Lenox, IL
ASSET TYPE: Multifamily

BUYER'S REP: Ben Useni - Charles Rutenberg Realty of IL
SELLER'S REP: Peter & Michael Fleming - Marquette Properties, Inc

SALE PRICE: $1,925,000
ACRES: 1

#Chicago #RealEstate #TradedChicago #NewLenox #Multifamily #BenUseni #CharlesRutenbergRealty #PeterFleming #MichaelFleming #MarquettePropertiesInc

SALE
IMAGE: Ben Useni
DATE: 07/13/2021
ADDRESS: 121 Town Crest Dr
MARKET: New Lenox, IL
ASSET TYPE: Multifamily

BUYER'S REP: Ben Useni - Charles Rutenberg Realty of IL
SELLER'S REP: Peter & Michael Fleming - Marquette Properties, Inc

SALE PRICE: $1,925,000
ACRES: 1

#Chicago #RealEstate #TradedChicago #NewLenox #Multifamily #BenUseni #CharlesRutenbergRealty #PeterFleming #MichaelFleming #MarquettePropertiesInc
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SALE
IMAGE: Patrick Kennelly, Paul Waterloo & Michael Duckler
DATE: 06/18/2021
ADDRESS: 6018-6020 N Avondale Ave
MARKET: Norwood Park, Chicago
ASSET TYPE: Multifamily

BROKERS: Paul Waterloo @pwaterloo , Patrick Kennelly & Michael Duckler 

SALE PRICE: $1,925,000
UNITS: 12 ~ PPU: $160,416

#Chicago #RealEstate #TradedChicago #NorwoodPark #Multifamily #PaulWaterloo #PatrickKennelly #MichaelDuckler

SALE
IMAGE: Patrick Kennelly, Paul Waterloo & Michael Duckler
DATE: 06/18/2021
ADDRESS: 6018-6020 N Avondale Ave
MARKET: Norwood Park, Chicago
ASSET TYPE: Multifamily

BROKERS: Paul Waterloo @pwaterloo , Patrick Kennelly & Michael Duckler

SALE PRICE: $1,925,000
UNITS: 12 ~ PPU: $160,416

#Chicago #RealEstate #TradedChicago #NorwoodPark #Multifamily #PaulWaterloo #PatrickKennelly #MichaelDuckler
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SALE
IMAGE: Jordan Gottlieb & Jim Darrow 
DATE: 06/30/2021
ADDRESS: 5622-5628 N. Clark Street
MARKET: Andersonville, Chicago
ASSET TYPE: Mixed-use

BROKER: Jim Darrow & Jordan Gottlieb 
SALE PRICE: $4,850,000
UNITS: 17 ~ PPU: $285,294

NOTE: CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 5622-5628 N. Clark Street, an exceptional 17-unit mixed-use property located in Chicago’s highly desirable Andersonville neighborhood. 

The seller, a local investor, hired Essex Principals Jim Darrow and Jordan Gottlieb to exclusively market the property for sale. The Essex team conducted an extensive marketing campaign resulting in more than ten property tours and multiple offers. A local investor in a 1031 Exchange purchased the property for approximately $4,850,000. Darrow and Gottlieb also represented the buyer. 

“5622 N. Clark Street presented the rare opportunity to purchase a larger mixed-use property in Andersonville in a prime location on Clark Street. The apartments are beautifully renovated, and the retail tenants are both long term staples of the neighborhood,” explained Darrow. 

The property features five 1 bed/1 bath, eight 2 bed/1 bath, and two 3 bed/2 bath apartments that feel spacious and bright due to the building’s corner location. The apartment units were recently renovated and feature beautiful finishes including hardwood floors, stainless steel appliances, quartz countertops, in-unit laundry and individual HVAC. Individual storage units and additional laundry is available to tenants in the basement. The building also includes two ground floor commercial spaces, currently occupied by The Coffee Studio and Piatto Pronto, a local deli.

The building is conveniently located less than 1 mile from both the Bryn Mawr and Berwyn Red Line CTA stations and several bus stops.

#Chicago #RealEstate #TradedChicago #Andersonville #Mixeduse #JimDarrow #JordanGottlieb

SALE
IMAGE: Jordan Gottlieb & Jim Darrow
DATE: 06/30/2021
ADDRESS: 5622-5628 N. Clark Street
MARKET: Andersonville, Chicago
ASSET TYPE: Mixed-use

BROKER: Jim Darrow & Jordan Gottlieb
SALE PRICE: $4,850,000
UNITS: 17 ~ PPU: $285,294

NOTE: CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 5622-5628 N. Clark Street, an exceptional 17-unit mixed-use property located in Chicago’s highly desirable Andersonville neighborhood.

The seller, a local investor, hired Essex Principals Jim Darrow and Jordan Gottlieb to exclusively market the property for sale. The Essex team conducted an extensive marketing campaign resulting in more than ten property tours and multiple offers. A local investor in a 1031 Exchange purchased the property for approximately $4,850,000. Darrow and Gottlieb also represented the buyer.

“5622 N. Clark Street presented the rare opportunity to purchase a larger mixed-use property in Andersonville in a prime location on Clark Street. The apartments are beautifully renovated, and the retail tenants are both long term staples of the neighborhood,” explained Darrow.

The property features five 1 bed/1 bath, eight 2 bed/1 bath, and two 3 bed/2 bath apartments that feel spacious and bright due to the building’s corner location. The apartment units were recently renovated and feature beautiful finishes including hardwood floors, stainless steel appliances, quartz countertops, in-unit laundry and individual HVAC. Individual storage units and additional laundry is available to tenants in the basement. The building also includes two ground floor commercial spaces, currently occupied by The Coffee Studio and Piatto Pronto, a local deli.

The building is conveniently located less than 1 mile from both the Bryn Mawr and Berwyn Red Line CTA stations and several bus stops.

#Chicago #RealEstate #TradedChicago #Andersonville #Mixeduse #JimDarrow #JordanGottlieb
...

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