Essex Realty Group Sells Noble Square Multifamily Property For $1.2M
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This MultiFamily property located in IL was sold for $1,200,000 over 3 years ago. The brokers of the deal were Dan Shepherd, Jaimie Steinher, Katherine (Kate) Varde, Jordan Gottlieb, and Douglas (Doug) Imber
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- Location1547 West Walton Street, Chicago, IL 60642, USA
- Sale Price$1,200,000$266 PPSF
- Area4,498 SF
- Asset TypeMultiFamily
- Parties5 Brokers, 1 Agency
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Deal Summary
SALE
IMAGE: Dan Shepherd, Jaimie Steinher, Doug Imber, Kate Varde & Jordan Gottlieb
DATE: 07/07/2021
ADDRESS: 1547 W. Walton Street
MARKET: Noble Square, Chicago
ASSET TYPE: Multifamily
BROKERS: Doug Imber, Kate Varde, Jaimie Steinher, Dan Shepherd & Jordan Gottlieb
SALE PRICE: $1,200,000
UNITS: 4 ~ PPU: $300,000
NOTE: Essex Brokers Noble Square Multifamily Property
CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 1547 W. Walton Street, a four-unit multifamily property located in Chicago’s Noble Square neighborhood.
The team of Doug Imber, Kate Varde, Jaimie Steinher and Dan Shepherd represented the local sellers in this transaction. Within a short timeframe, Essex led an extensive marketing campaign which resulted in multiple property tours. The property was ultimately sold to a local investor for a purchase price of approximately $1,200,000. Essex Principal Jordan Gottlieb represented the buyer.
“1547 Walton was the perfect opportunity for first time or smaller investors looking for a 100% occupied, stabilized property in a quickly appreciating neighborhood,” explains Steinher. She continued, “The units are well designed, and each apartment features a gas fireplace and master bedroom with an ensuite and walk-in closet.”
1547 W. Walton Street is a legal four-unit multifamily apartment building located on the border of Noble Square and Ukrainian Village in West Town. The unit mix is comprised of three 3 bed/2 bath apartments and one 2 bed/2 bath garden apartment. Each unit is equipped with individual HVAC, individual hot water tanks, in-unit laundry, hardwood floors, fireplaces, and kitchens with granite countertops, tile backsplashes, and built-in wine racks. The property also has a brand-new roof with a transferrable warranty, individual storage units, and six tandem parking spaces.
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1547 West Walton Street
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