@TradedChicago

SALE
IMAGE: Joseph DiSalvo, John Godwin & Alexander Nulf
DATE: 05/03/2021
ADDRESS: 6612 East 75th Street
MARKET: Indianapolis
ASSET TYPE: Office

BROKERS: Alexander Nulf, Joseph DiSalvo & John Godwin - Marcus & Millichap

PRICE: $8,600,000
SF: 86,657 ~ PPSF: $99

#Chicago #RealEstate #TradedChicago #HeritageParkI #Indianapolis #Office #AlexanderNulf #JosephDiSalvo #JohnGodwin #MarcusandMillichap ...

SALE
IMAGE: Matt Feo & Steve Livaditis
DATE: 04/30/2021
ADDRESS: 1300 W. Hood Avenue
MARKET: Chicago, Il
ASSET TYPE: Multifamily

BROKERS: Matt Feo @Matt_Feo_Multifamily & Steve Livaditis - @ChicagoMultifamily_EssexRealty

SALE PRICE: $2,850,000
UNITS: 12 ~ PPU: $237,500

NOTE: Chicago based multifamily brokerage firm Essex Realty Group, Inc. is pleased to announce the sale of 1300 W. Hood Avenue, a 12-unit multifamily property located in the sought-after neighborhood of Edgewater Glen.

Essex Director Matt Feo represented the seller, a local investor, in this transaction. The seller meticulously maintained this property for more than 20 years. The property was placed under contract just six weeks after listing. During the marketing period, Essex brokers conducted 15 property tours and generated 11 offers. The buyer, a local investor, purchased the property for approximately $2,850,000. Essex Principal Steve Livaditis represented the buyer.

The property is situated on the corner of Hood and Lakewood Avenue and features large apartment units with hardwood floors throughout. Six of the units are accessible via the main entrance on Hood Avenue while the other six units are accessible from Lakewood Avenue. The Hood Avenue units are extremely spacious with formal dining rooms, living rooms, and enclosed sun porches. The building also features an extensive basement boasting high ceilings and large windows.

According to Livaditis, “Due to the properties' expansive interior floorplans, the purchaser is planning to extensively renovate the property by creating luxury family rentals to meet the needs of this attractive, quaint, northside pocket of Edgewater Glen. Additional dwelling units may be permitted for this project as it falls within the newly adopted ADU Pilot Program.”

The property is situated steps from the Granville CTA Red Line Station and an abundance of restaurant and retail options along Granville Avenue and Broadway. The location is also in close proximity to Edgewater’s beautiful parks and beaches and Loyola University's Lake Shore Campus.

#Chicago #RealEstate #TradedChicago #EdgewaterGlen #Multifamily #MattFeo #SteveLivaditis #EssexRealtyGroupInc ...

SALE
IMAGE: Steve Livaditis, Jordan Gottlieb & Jim Darrow
DATE: 04/30/2021
ADDRESS: 4827-4833 N. Wolcott Avenue
MARKET: Chicago IL
ASSET TYPE: Multifamily

BROKERS: Jim Darrow, Jordan Gottlieb & Steve Livaditis - @Chicagomultifamily_Essexrealty

SALE PRICE: $5,435,500
UNITS: 25 ~ PPU: $217,420

NOTE: CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 4827-4833 N. Wolcott Avenue, a stately 25-unit courtyard building located in Chicago’s popular Ravenswood neighborhood.

Essex Principals Jim Darrow and Jordan Gottlieb represented the out-of-state seller. This Essex team conducted an extensive marketing campaign resulting in more than 21 property tours and five offers. The property closed for approximately $5,435,500. Essex Principal Steve Livaditis represented the buyer, a local investor, in this transaction.

The property is comprised of spacious one- and two-bedroom apartments with separate living and dining rooms. The units include hardwood floors and a mix of white or stainless-steel appliances. Shared laundry is located on-site in the basement.

According to Livaditis, “The purchaser was quickly attracted to the property primarily due to the value-add opportunity presented and the lack of inventory for quality courtyard buildings in this ideal pocket of Ravenswood.”

The property is conveniently located two blocks from the newly renovated Ravenswood Metra Station, five blocks to the Damen Brown Line CTA Station, and right around the corner from the new Mariano’s grocery store on Lawrence, providing tenants with quick access to public transportation options and convenient shopping destinations.

#Chicago #RealEstate #TradedChicago #Ravenswood #Multifamily #JimDarrow #JordanGottlieb #SteveLivaditis #EssexRealtyGroupInc ...