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Essex Realty Group Sells Noble Square Multifamily Property For $1.2M

1547 West Walton Street
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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

Essex Realty Group, Inc. has announced the sale of a four-unit multifamily property located at 1547 W. Walton Street in Chicago's Noble Square neighborhood. The property, situated on the border of Noble Square and Ukrainian Village in West Town, offers a mix of three 3-bedroom/2-bathroom apartments and one 2-bedroom/2-bathroom garden apartment. Each unit is well-equipped with individual HVAC, hot water tanks, in-unit laundry, hardwood floors, gas fireplaces, and kitchens featuring granite countertops, tile backsplashes, and built-in wine racks. Additionally, the property boasts a brand-new roof with a transferrable warranty, individual storage units, and six tandem parking spaces.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Address: 1547 W. Walton Street
  • Market: Noble Square, Chicago
  • Units: 4
  • Price Per Unit: $300,000

The local sellers were represented by Doug Imber, Kate Varde, Jaimie Steinher, and Dan Shepherd from Essex Realty Group, Inc. during the transaction. The property garnered considerable interest, with multiple property tours conducted as a result of Essex's extensive marketing campaign. Eventually, the property was sold to a local investor for approximately $1,200,000. Jordan Gottlieb, the Principal at Essex Realty Group, Inc., acted as the buyer's representative in the deal.

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Deals
  • Location
    1547 West Walton Street, Chicago, IL 60642, USA1547 West Walton Street, Chicago, IL 60642, USA
  • Sale Price
    $1,200,000$1,200,000
    $266 PPSF$266 PPSF
  • Area
    4,498 SF4,498 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    5 Brokers, 1 Agency5 Brokers, 1 Agency

Agents

Dan Shepherd

Dan Shepherd

Deals16
Sold$93.1M

Agency

Essex Realty Group

Essex Realty Group

Agency
Deals380
Volume$1.6B

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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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