SOLD
Essex Realty Facilitates Sale Of Multifamily Building In Ukrainian Village For $1.26M
2131 West Ohio Street
MultiFamily
4,650 SF
4,650 SF
Sold 1 year ago
Summary
Sale
ILLINOIS
MultiFamily
4,650 sqft
Situated in Chicago's Ukrainian Village neighborhood, the recently sold property at 2131 W. Ohio Street is a beautifully renovated four-unit Greystone apartment building. The building features one- and three-bedroom units, each completely renovated with open floorplans, gourmet kitchens, quartz countertops, tile backsplashes, custom light fixtures, stainless-steel appliances, and in-unit washer/dryer. The property offers parking and is located in a highly desirable and appreciating residential area. The sale price of this turn-key Greystone was $1,260,000, with each unit being sold for $315,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,260,000
- Units: 4
- Price per Unit: $315,000
- Broker: Matt Feo - Essex Realty
Essex Realty Group, Inc., a Chicago-based multifamily brokerage firm, facilitated the sale of 2131 W. Ohio Street. Matt Feo, Director at Essex Realty, exclusively marketed the property for sale on behalf of the local investor seller. The property was sold to a local investor, and Feo highlighted the unique opportunity to acquire a renovated Greystone in a highly desirable residential location with high-quality finishes.
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Details
SOLD
IMAGE: Matt Feo
DATE: 09/13/2021
ADDRESS: 2131 W. Ohio Street
MARKET: Ukrainian Village, Chicago
ASSET TYPE: Multifamily
BROKERS: Matt Feo (@Matt_Feo_Multifamily) - Essex Realty (@ChicagoMultifamily_EssexRealty)
SALE PRICE: $1,260,000
UNITS: 4 ~ PPU: $315,000
NOTE: Ukrainian Village Apartment Building Trades Hands
Chicago-based multifamily brokerage firm Essex Realty Group, Inc. recently facilitated the sale of 2131 W. Ohio Street located in Chicago’s Ukrainian Village neighborhood. Situated on the south side of Ohio Street, between Leavitt Street and Hoyne Avenue, sits this beautifully renovated four-unit Greystone apartment building comprised of one- and three-bedroom units.
The seller, a local investor, hired Essex Director Matt Feo to exclusively market this property for sale. The property sold to a local investor for $1,260,000, which equates to $315,000 per unit.
Each unit was completely renovated to include large open floorplans, gourmet kitchens with quartz countertops, tile backsplashes, custom light fixtures and stainless-steel appliances, and in-unit washer/dryer.
“This was a unique opportunity to acquire a handsome, turn-key Greystone, with parking, in a highly desirable and appreciating residential location,” explained Feo. He continued, “furthermore, the apartments feature massive front to back layouts and had been renovated by a luxury home building so the quality of finishes are to a higher quality than typical apartment grade finishes.”View on map
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Address2131 West Ohio Street
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