fbpx

@TradedChicago

SALE
IMAGE: Casey Declerk
DATE: 09/27/2022
ADDRESS: 930 Lake Rd
MARKET: Lake Forest
ASSET TYPE: Single Family ~ ACRES: 1.15

SELLER: Miles & Lorna Marsh
BUYER'S REP: Casey Declerk (@CaseyDeclerk) - Compass (@Compass)
SELLER'S REP: Houda Chedid - Coldwell Banker Realty (@ColdwellBanker)

SALE PRICE: $5,000,000
SF: 6,000 ~ PPSF: $833

#Chicago #RealEstate #TradedChicago #LakeForest #SingleFamily #MilesMarsh #LornaMarsh #CaseyDeclerk #Compass #HoudaChedid #ColdwellBankerRealty

SALE
IMAGE: Casey Declerk
DATE: 09/27/2022
ADDRESS: 930 Lake Rd
MARKET: Lake Forest
ASSET TYPE: Single Family ~ ACRES: 1.15

SELLER: Miles & Lorna Marsh
BUYER'S REP: Casey Declerk (@CaseyDeclerk) - Compass (@Compass)
SELLER'S REP: Houda Chedid - Coldwell Banker Realty (@ColdwellBanker)

SALE PRICE: $5,000,000
SF: 6,000 ~ PPSF: $833

#Chicago #RealEstate #TradedChicago #LakeForest #SingleFamily #MilesMarsh #LornaMarsh #CaseyDeclerk #Compass #HoudaChedid #ColdwellBankerRealty
...

25 1
SALE
IMAGE: Aaron Sklar & Noah Birk
DATE: 09/15/2022
ADDRESS: 6700 S Chappel Ave
MARKET: Jackson Park, Chicago
ASSET TYPE: Multifamily

BROKERS: Aaron Sklar & Noah Birk - Kiser Group (@KiserGroup)

SALE PRICE: $3,000,000
UNITS: 27 ~ PPU: $111,111
SF: 25,600 ~ PPSF: $117

#Chicago #RealEstate #TradedChicago #TradedPartner #JacksonPark #Multifamily #AaronSklar #NoahBirk #KiserGroup

SALE
IMAGE: Aaron Sklar & Noah Birk
DATE: 09/15/2022
ADDRESS: 6700 S Chappel Ave
MARKET: Jackson Park, Chicago
ASSET TYPE: Multifamily

BROKERS: Aaron Sklar & Noah Birk - Kiser Group (@KiserGroup)

SALE PRICE: $3,000,000
UNITS: 27 ~ PPU: $111,111
SF: 25,600 ~ PPSF: $117

#Chicago #RealEstate #TradedChicago #TradedPartner #JacksonPark #Multifamily #AaronSklar #NoahBirk #KiserGroup
...

11 4
SALE
IMAGE: Roger Gendron
DATE: 09/27/2022
ADDRESS: 31 Olympic Drive
MARKET: Chicago Heights
ASSET TYPE: Multifamily

BUYER: Andrew Delman - National Preservation Housing Partners
SELLER: Roger Gendron - Silver Street Development Corporation

SALE PRICE: $20,700,000
UNITS: 320 ~ PPU: $64,688

#Chicago #RealEstate #TradedChicago #OlympicVillageApartments #ChicagoHeights #Multifamily #AndrewDelman #NationalPreservationHousingPartners #RogerGendron #SilverStreetDevelopmentCorporation

SALE
IMAGE: Roger Gendron
DATE: 09/27/2022
ADDRESS: 31 Olympic Drive
MARKET: Chicago Heights
ASSET TYPE: Multifamily

BUYER: Andrew Delman - National Preservation Housing Partners
SELLER: Roger Gendron - Silver Street Development Corporation

SALE PRICE: $20,700,000
UNITS: 320 ~ PPU: $64,688

#Chicago #RealEstate #TradedChicago #OlympicVillageApartments #ChicagoHeights #Multifamily #AndrewDelman #NationalPreservationHousingPartners #RogerGendron #SilverStreetDevelopmentCorporation
...

23 6
LOAN
IMAGE: Peter Koch, Aaron Galvin, Anthonthy Hrusovsky & Adam Friedberg
DATE: 09/26/2022
ADDRESS: 218 East Grand Avenue
MARKET: Chicago
ASSET TYPE: Mixed-use Development

LENDER: MSD Capital
LANDLORD: Mavrek Development - Anthonthy Hrusovsky, Adam Friedberg, Peter Koch & Aaron Galvin; GW Properties; Luxury Living Chicago Realty (@LuxuryLivingChicago); Double Eagle Development

LOAN AMOUNT: $102,000,000
LOAN TYPE: Construction Loan

NOTE: The project will feature mostly luxury apartments–a total of 248 units–with 40,000 square feet of offices and street-level retail

#Chicago #RealEstate #TradedChicago #MixeduseDevelopment #MSDCapital #MavrekDevelopment #AnthonthyHrusovsky #AdamFriedberg #PeterKoch #AaronGalvin #GWProperties #LuxuryLivingChicagoRealty #DoubleEagleDevelopment

LOAN
IMAGE: Peter Koch, Aaron Galvin, Anthonthy Hrusovsky & Adam Friedberg
DATE: 09/26/2022
ADDRESS: 218 East Grand Avenue
MARKET: Chicago
ASSET TYPE: Mixed-use Development

LENDER: MSD Capital
LANDLORD: Mavrek Development - Anthonthy Hrusovsky, Adam Friedberg, Peter Koch & Aaron Galvin; GW Properties; Luxury Living Chicago Realty (@LuxuryLivingChicago); Double Eagle Development

LOAN AMOUNT: $102,000,000
LOAN TYPE: Construction Loan

NOTE: The project will feature mostly luxury apartments–a total of 248 units–with 40,000 square feet of offices and street-level retail

#Chicago #RealEstate #TradedChicago #MixeduseDevelopment #MSDCapital #MavrekDevelopment #AnthonthyHrusovsky #AdamFriedberg #PeterKoch #AaronGalvin #GWProperties #LuxuryLivingChicagoRealty #DoubleEagleDevelopment
...

104 6
SALE
IMAGE: Michael Kaider, Robert Mahoney, Christian Williams, George Good, James Leary, Adam Foret & Richard Frolik
DATE: 09/23/2022
ADDRESS: 2100 Snelling Ave N
MARKET: Roseville, Minneapolis
ASSET TYPE: Retail

BUYER: Fidelis
SELLER: Gateway Washington
BROKERS: Christian Williams, George Good, Robert Mahoney, Richard Frolik, Michael Kaider, Adam Foret & James Leary - CBRE (@CBRE)

SALE PRICE: $50,250,000
SF: 446,000 ~ PPSF: $113

#Chicago #RealEstate #TradedChicago #HarMarMall #Roseville #Minneapolis #Retail #Fidelis #GatewayWashington #ChristianWilliams #GeorgeGood #RobertMahoney #RichardFrolik #MichaelKaider #AdamForet #JamesLeary #CBRE

SALE
IMAGE: Michael Kaider, Robert Mahoney, Christian Williams, George Good, James Leary, Adam Foret & Richard Frolik
DATE: 09/23/2022
ADDRESS: 2100 Snelling Ave N
MARKET: Roseville, Minneapolis
ASSET TYPE: Retail

BUYER: Fidelis
SELLER: Gateway Washington
BROKERS: Christian Williams, George Good, Robert Mahoney, Richard Frolik, Michael Kaider, Adam Foret & James Leary - CBRE (@CBRE)

SALE PRICE: $50,250,000
SF: 446,000 ~ PPSF: $113

#Chicago #RealEstate #TradedChicago #HarMarMall #Roseville #Minneapolis #Retail #Fidelis #GatewayWashington #ChristianWilliams #GeorgeGood #RobertMahoney #RichardFrolik #MichaelKaider #AdamForet #JamesLeary #CBRE
...

17 4
SALE
IMAGE: Alex Turik
DATE: 09/23/2022
ADDRESS: 1516 North Orleans Street & 3510 Wilmette Avenue
MARKET: Chicago & Wilmette
ASSET TYPE: Self Storage

BUYER: Westport Properties U.S. Storage Centers
SELLER: Alex & Nik Turik - HAN Capital

SALE PRICE: $32,000,000

#Chicago #RealEstate #TradedChicago #Wilmette #SelfStorage #WestportPropertiesUSStorageCenters #AlexTurik #NikTurik #HANCapital

SALE
IMAGE: Alex Turik
DATE: 09/23/2022
ADDRESS: 1516 North Orleans Street & 3510 Wilmette Avenue
MARKET: Chicago & Wilmette
ASSET TYPE: Self Storage

BUYER: Westport Properties U.S. Storage Centers
SELLER: Alex & Nik Turik - HAN Capital

SALE PRICE: $32,000,000

#Chicago #RealEstate #TradedChicago #Wilmette #SelfStorage #WestportPropertiesUSStorageCenters #AlexTurik #NikTurik #HANCapital
...

29 10
SALE
IMAGE: Ioannis Ress & Kiki Ress
DATE: 09/01/2022
ADDRESS: 2300 Lehigh Ave
MARKET: Glenview
ASSET TYPE: Mixed-use

BROKERS: Ioannis Ress (@IoannisRess) & Kiki Ress - The Ress Group with BHHS Chi (@TheRessGroupwithBHHSChicago) - Berkshire Hathaway HomeServices (@BHHSRealEstate)

SALE PRICE: $9,100,000
SF: 40,000 ~ PPSF: $228

NOTE FROM BROKERS: This 40,000 square foot center on over 2 acres of land in Glenview, IL was a great mix of retail and office. The majority of tenants at this center are very high profile and nationally recognized medical tenants. The Ress Group worked on stabilizing this asset before offering it for sale. Once offered for sale we had numerous full priced offers. The Ress Group represented the seller and the buyer. The buyers will be keeping The Ress Group on to continue all future leasing and renewals.

#Chicago #RealEstate #TradedChicago #TradedPartner #Glenview #Mixeduse #IoannisRess #KikiRess #TheRessGroupwithBHHSChi #BerkshireHathawayHomeServices

SALE
IMAGE: Ioannis Ress & Kiki Ress
DATE: 09/01/2022
ADDRESS: 2300 Lehigh Ave
MARKET: Glenview
ASSET TYPE: Mixed-use

BROKERS: Ioannis Ress (@IoannisRess) & Kiki Ress - The Ress Group with BHHS Chi (@TheRessGroupwithBHHSChicago) - Berkshire Hathaway HomeServices (@BHHSRealEstate)

SALE PRICE: $9,100,000
SF: 40,000 ~ PPSF: $228

NOTE FROM BROKERS: This 40,000 square foot center on over 2 acres of land in Glenview, IL was a great mix of retail and office. The majority of tenants at this center are very high profile and nationally recognized medical tenants. The Ress Group worked on stabilizing this asset before offering it for sale. Once offered for sale we had numerous full priced offers. The Ress Group represented the seller and the buyer. The buyers will be keeping The Ress Group on to continue all future leasing and renewals.

#Chicago #RealEstate #TradedChicago #TradedPartner #Glenview #Mixeduse #IoannisRess #KikiRess #TheRessGroupwithBHHSChi #BerkshireHathawayHomeServices
...

24 0
SALE
IMAGE: Aaron Sklar & Noah Birk
DATE: 09/15/2022
ADDRESS: 2445 E 72nd St
MARKET: South Shore, Chicago
ASSET TYPE: Multifamily

BROKERS: Aaron Sklar & Noah Birk - Kiser Group (@KiserGroup)

SALE PRICE: $2,850,000
UNITS: 45 ~ PPU: $63,333
SF: 28,700 ~ PPSF: $99

#Chicago #RealEstate #TradedChicago #TradedPartner #SouthShore #Multifamily #AaronSklar #NoahBirk #KiserGroup

SALE
IMAGE: Aaron Sklar & Noah Birk
DATE: 09/15/2022
ADDRESS: 2445 E 72nd St
MARKET: South Shore, Chicago
ASSET TYPE: Multifamily

BROKERS: Aaron Sklar & Noah Birk - Kiser Group (@KiserGroup)

SALE PRICE: $2,850,000
UNITS: 45 ~ PPU: $63,333
SF: 28,700 ~ PPSF: $99

#Chicago #RealEstate #TradedChicago #TradedPartner #SouthShore #Multifamily #AaronSklar #NoahBirk #KiserGroup
...

16 0
SALE
IMAGE: Patrick J. Forkin
DATE: 07/20/2022
ADDRESS: 5020 W 95th St
MARKET: Oak Lawn, IL
ASSET TYPE: Retail

BROKER: Patrick J. Forkin (@Patrickj4) - Baum Realty Group (@BaumRealtyGroup)

SALE PRICE: $3,300,000
SF: 9,921 ~ PPSF: $333

#Chicago #RealEstate #TradedChicago #TradedPartner #OakLawn #Retail #PatrickJForkin #BaumRealtyGroup

SALE
IMAGE: Patrick J. Forkin
DATE: 07/20/2022
ADDRESS: 5020 W 95th St
MARKET: Oak Lawn, IL
ASSET TYPE: Retail

BROKER: Patrick J. Forkin (@Patrickj4) - Baum Realty Group (@BaumRealtyGroup)

SALE PRICE: $3,300,000
SF: 9,921 ~ PPSF: $333

#Chicago #RealEstate #TradedChicago #TradedPartner #OakLawn #Retail #PatrickJForkin #BaumRealtyGroup
...

13 1
SALE
IMAGE: Leila Zammatta & Rachel Vecchio
DATE: 09/22/2022
ADDRESS: 363 East Wacker Drive
MARKET: Chicago
ASSET TYPE: Condo

SELLER: Magellan Development Group
BUYER'S REP: Rachel Vecchio - Dream Town Realty (@DreamTownChicago)
SELLER'S REP: Leila Zammatta - Magellan Realty LLC

SALE PRICE: $20,600,000
SF: 10,000 ~ PPSF: $2,060

#Chicago #RealEstate #TradedChicago #StRegis #Condo #MagellanDevelopmentGroup #RachelVecchio #DreamTownRealty #LeilaZammatta #MagellanRealtyLLC

SALE
IMAGE: Leila Zammatta & Rachel Vecchio
DATE: 09/22/2022
ADDRESS: 363 East Wacker Drive
MARKET: Chicago
ASSET TYPE: Condo

SELLER: Magellan Development Group
BUYER'S REP: Rachel Vecchio - Dream Town Realty (@DreamTownChicago)
SELLER'S REP: Leila Zammatta - Magellan Realty LLC

SALE PRICE: $20,600,000
SF: 10,000 ~ PPSF: $2,060

#Chicago #RealEstate #TradedChicago #StRegis #Condo #MagellanDevelopmentGroup #RachelVecchio #DreamTownRealty #LeilaZammatta #MagellanRealtyLLC
...

127 4
SALE
IMAGE: Jonah Warshaw
DATE: 08/01/2022
ADDRESS: 1520 W Caro Rd
MARKET: Saginaw, MI
ASSET TYPE: Retail

BUYER: Premis Investments
SELLER: Jim Haines
BROKERS: Jacob Baruch & Jonah Warshaw - Legacy Realty Group Advisors LLC (@LegacyRealtyGroupAdvisors)

SALE PRICE: $2,200,000
SF: 40,000 ~ PPSF: $55

#Chicago #RealEstate #TradedChicago #TradedPartner #Michigan #Saginaw #PremisInvestments #JimHaines #JacobBaruch #JonahWarshaw #LegacyRealtyGroupAdvisorsLLC

SALE
IMAGE: Jonah Warshaw
DATE: 08/01/2022
ADDRESS: 1520 W Caro Rd
MARKET: Saginaw, MI
ASSET TYPE: Retail

BUYER: Premis Investments
SELLER: Jim Haines
BROKERS: Jacob Baruch & Jonah Warshaw - Legacy Realty Group Advisors LLC (@LegacyRealtyGroupAdvisors)

SALE PRICE: $2,200,000
SF: 40,000 ~ PPSF: $55

#Chicago #RealEstate #TradedChicago #TradedPartner #Michigan #Saginaw #PremisInvestments #JimHaines #JacobBaruch #JonahWarshaw #LegacyRealtyGroupAdvisorsLLC
...

10 4
SALE
IMAGE: Brian Karmowski
DATE: 08/31/2022
ADDRESS: 2940 Wellington Ave
MARKET: Lisle, IL
ASSET TYPE: Multifamily

BROKER: Brian Karmowski - Essex Realty Group, Inc (@EssexRealtyGroupInc)

SALE PRICE: $11,550,000
UNITS: 91 ~ PPU: $126,923
SF: 72,000 ~ PPSF: $160

NOTE FROM BROKER: CHICAGO, ILLINOIS – Essex Realty Group, Inc. (@EssexRealtyGroupInc) Managing Director, Brian Karmowski, recently facilitated the sale of Wellington Creek Apartments, a 91-unit apartment complex in Lisle, IL. The property closed in late August for $11,550,000, reflecting a price per unit of nearly $127,000 and a cap rate of 5.4% at closing.

The five-building complex is comprised of (3) studios, (84) 1bd/1ba, (3) 2bd/1ba and (1) 3bd/1ba unit. The average rent at the time of sale was $1,051. New ownership intends to launch a comprehensive value-add plan to rehab units, improve common areas and enhance building exteriors.

“DuPage County continues to attract investors both locally and across the country. The County’s strong demographics, skilled workforce and proximity to downtown Chicago all contribute to strong apartment fundamentals, making DuPage one of the more desirable counties in the Chicagoland area for investment.” adds Karmowski.

The nearly 6-acre site is situated just south of Ogden Avenue roughly two miles from Downtown Lisle and the Metra Station. Additionally, downtown Naperville is located less than four miles west of the Subject Property. Contact Essex (@EssexRealtyGroupInc) today for any questions regarding this sale, or to discuss the suburban market

#Chicago #RealEstate #TradedChicago #TradedPartner #Lisle #Multifamily #BrianKarmowski #EssexRealtyGroupInc

SALE
IMAGE: Brian Karmowski
DATE: 08/31/2022
ADDRESS: 2940 Wellington Ave
MARKET: Lisle, IL
ASSET TYPE: Multifamily

BROKER: Brian Karmowski - Essex Realty Group, Inc (@EssexRealtyGroupInc)

SALE PRICE: $11,550,000
UNITS: 91 ~ PPU: $126,923
SF: 72,000 ~ PPSF: $160

NOTE FROM BROKER: CHICAGO, ILLINOIS – Essex Realty Group, Inc. (@EssexRealtyGroupInc) Managing Director, Brian Karmowski, recently facilitated the sale of Wellington Creek Apartments, a 91-unit apartment complex in Lisle, IL. The property closed in late August for $11,550,000, reflecting a price per unit of nearly $127,000 and a cap rate of 5.4% at closing.

The five-building complex is comprised of (3) studios, (84) 1bd/1ba, (3) 2bd/1ba and (1) 3bd/1ba unit. The average rent at the time of sale was $1,051. New ownership intends to launch a comprehensive value-add plan to rehab units, improve common areas and enhance building exteriors.

“DuPage County continues to attract investors both locally and across the country. The County’s strong demographics, skilled workforce and proximity to downtown Chicago all contribute to strong apartment fundamentals, making DuPage one of the more desirable counties in the Chicagoland area for investment.” adds Karmowski.

The nearly 6-acre site is situated just south of Ogden Avenue roughly two miles from Downtown Lisle and the Metra Station. Additionally, downtown Naperville is located less than four miles west of the Subject Property. Contact Essex (@EssexRealtyGroupInc) today for any questions regarding this sale, or to discuss the suburban market

#Chicago #RealEstate #TradedChicago #TradedPartner #Lisle #Multifamily #BrianKarmowski #EssexRealtyGroupInc
...

8 1
SALE
IMAGE: Michael Dickstein
DATE: 09/15/2022
ADDRESS: 500 Voltz Rd
MARKET: Northbrook, IL
ASSET TYPE: SFR

BROKER: Michael Dickstein (@MDickstein) - (@TheDicksteinGroup) - @properties

SALE PRICE: $3,000,000
SF: 9,748 ~ PPSF: $308
,
#Chicago #RealEstate #TradedChicago #TradedPartner #Northbrook #SFR #MichaelDickstein #TheDicksteinGroup #Atproperties

SALE
IMAGE: Michael Dickstein
DATE: 09/15/2022
ADDRESS: 500 Voltz Rd
MARKET: Northbrook, IL
ASSET TYPE: SFR

BROKER: Michael Dickstein (@MDickstein) - (@TheDicksteinGroup) - @properties

SALE PRICE: $3,000,000
SF: 9,748 ~ PPSF: $308
,
#Chicago #RealEstate #TradedChicago #TradedPartner #Northbrook #SFR #MichaelDickstein #TheDicksteinGroup #Atproperties
...

60 7
SALE
IMAGE: Vincent Anzalone, John O'Neill & Julie Nerenberg Block
DATE: 07/01/2022
ADDRESS: 2015 N Cleveland Ave
MARKET: Lincoln Park
ASSET TYPE: SFR

BUYER'S REP: John O'Neill (@johnfoneill3) - Compass (@Compass)
SELLER'S REP: Julie Nerenberg Block (@JulieNerenbergBlock) & Vincent Anzalone (@Vincent_Anzalone) - Dream Town Realty (@DreamTownChicago)

SALE PRICE: $5,250,000
SF: 7,400 ~ PPSF: $709

#Chicago #RealEstate #TradedChicago #TradedPartner #LincolnPark #SFR #JohnONeill #Compass #JulieNerenbergBlock #VincentAnzalone #DreamTownRealty

SALE
IMAGE: Vincent Anzalone, John O'Neill & Julie Nerenberg Block
DATE: 07/01/2022
ADDRESS: 2015 N Cleveland Ave
MARKET: Lincoln Park
ASSET TYPE: SFR

BUYER'S REP: John O'Neill (@johnfoneill3) - Compass (@Compass)
SELLER'S REP: Julie Nerenberg Block (@JulieNerenbergBlock) & Vincent Anzalone (@Vincent_Anzalone) - Dream Town Realty (@DreamTownChicago)

SALE PRICE: $5,250,000
SF: 7,400 ~ PPSF: $709

#Chicago #RealEstate #TradedChicago #TradedPartner #LincolnPark #SFR #JohnONeill #Compass #JulieNerenbergBlock #VincentAnzalone #DreamTownRealty
...

25 0
SALE
IMAGE: Doug Imber & Kate Varde
DATE: 09/19/2022
ADDRESS: 2842 W Fletcher St
MARKET: Avondale, Chicago
ASSET TYPE: Multifamily

BROKERS: Doug Imber & Kate Varde - Essex Realty Group, Inc. (@EssexRealtyGroupInc)

SALE PRICE: $2,175,000
UNITS: 13 ~ PPU: $167,308
SF: 9,220 ~ PPSF: $236

NOTE FROM BROKERS: Chicago-based multifamily brokerage firm Essex Realty Group, Inc. (@EssexRealtyGroupInc) recently facilitated the sale of 2842-2844 West Fletcher Street, a 13-unit multifamily building located in Chicago’s Avondale neighborhood.

Essex President Doug Imber and Principal Kate Varde marketed the property for sale, resulting in a closing price of $2,175,000, which reflects a 5.4% cap rate and a GRM of 11.2. The unit mix consists of one- and two-bedroom apartments, the majority of which were in vintage condition.

Imber said that “One of the reasons the property was attractive to so many investors is that the Avondale neighborhood has become one of the new, compelling submarkets. New restaurants, better housing options, and its proximity next to Logan Square have made this a very desirable alternative.” The average rents of the one-bedroom apartments were approximately $1,100, while competing properties are achieving rents between $1,400 and $1,500.

In addition, several of the 1 bedroom units could be easily converted into 2 bedroom units, further enhancing the income.

Please contact Essex Realty Group, Inc. (@EssexRealtyGroupInc) with any questions regarding this sale

#Chicago #RealEstate #TradedChicago #TradedPartner #Avondale #Multifamily #DougImber #KateVarde #EssexRealty #EssexRealtyGroupInc

SALE
IMAGE: Doug Imber & Kate Varde
DATE: 09/19/2022
ADDRESS: 2842 W Fletcher St
MARKET: Avondale, Chicago
ASSET TYPE: Multifamily

BROKERS: Doug Imber & Kate Varde - Essex Realty Group, Inc. (@EssexRealtyGroupInc)

SALE PRICE: $2,175,000
UNITS: 13 ~ PPU: $167,308
SF: 9,220 ~ PPSF: $236

NOTE FROM BROKERS: Chicago-based multifamily brokerage firm Essex Realty Group, Inc. (@EssexRealtyGroupInc) recently facilitated the sale of 2842-2844 West Fletcher Street, a 13-unit multifamily building located in Chicago’s Avondale neighborhood.

Essex President Doug Imber and Principal Kate Varde marketed the property for sale, resulting in a closing price of $2,175,000, which reflects a 5.4% cap rate and a GRM of 11.2. The unit mix consists of one- and two-bedroom apartments, the majority of which were in vintage condition.

Imber said that “One of the reasons the property was attractive to so many investors is that the Avondale neighborhood has become one of the new, compelling submarkets. New restaurants, better housing options, and its proximity next to Logan Square have made this a very desirable alternative.” The average rents of the one-bedroom apartments were approximately $1,100, while competing properties are achieving rents between $1,400 and $1,500.

In addition, several of the 1 bedroom units could be easily converted into 2 bedroom units, further enhancing the income.

Please contact Essex Realty Group, Inc. (@EssexRealtyGroupInc) with any questions regarding this sale

#Chicago #RealEstate #TradedChicago #TradedPartner #Avondale #Multifamily #DougImber #KateVarde #EssexRealty #EssexRealtyGroupInc
...

13 1
SALE
IMAGE: Brent Holder & Peter Doughty
DATE: 09/21/2022
ADDRESS: 729-765 N. Route 83
MARKET: Bensenville
ASSET TYPE: Office

BUYER'S REP: Avison Young (@Avison_Young_Global)
SELLER'S REP: Peter Doughty (@PeterDoughty44) & Brent Holder - Marcus & Millichap (@MarcusMillichap_Chicago)

SALE PRICE: $6,750,000
SF: 66,853 ~ PPSF: $101

#Chicago #RealEstate #TradedChicago #HartfordBusinessCentre #Bensenville #Office #AvisonYoung #PeterDoughty #BrentHolder #MarcusandMillichap

SALE
IMAGE: Brent Holder & Peter Doughty
DATE: 09/21/2022
ADDRESS: 729-765 N. Route 83
MARKET: Bensenville
ASSET TYPE: Office

BUYER'S REP: Avison Young (@Avison_Young_Global)
SELLER'S REP: Peter Doughty (@PeterDoughty44) & Brent Holder - Marcus & Millichap (@MarcusMillichap_Chicago)

SALE PRICE: $6,750,000
SF: 66,853 ~ PPSF: $101

#Chicago #RealEstate #TradedChicago #HartfordBusinessCentre #Bensenville #Office #AvisonYoung #PeterDoughty #BrentHolder #MarcusandMillichap
...

19 1

Compare listings

Compare
Loading...