Essex Realty Sells Mixed-Use Property In Roscoe Village, Chicago For $14.8M
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This Mixed-use property located in IL was sold for $14,800,000 over 2 years ago. The brokers of the deal were Jacob Goldstein and Steven (Steve) Livaditis
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- Location2827-47 N Clybourn Ave, Chicago, IL, USA
- Sale Price$14,800,000$1 PPSF
- Area11,801,270 SF
- Asset TypeMixed-use
- Parties2 Brokers, 1 Agency
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Deal Summary
SALE
IMAGE: Steve Livaditis & Jacob Goldstein
DATE: 09/17/2021
ADDRESS: 2827-47 N. Clybourn Ave
MARKET: Roscoe Village, Chicago
ASSET TYPE: Mixed-use
BROKERS: Steve Livaditis & Jacob Goldstein - Essex Realty (@Chicagomultifamily_EssexRealty)
SALE PRICE: $14,800,000
UNITS: 36 ~ PPU: $411,111
NOTE: A multifamily team led by Steven Livaditis and Jacob Goldstein of Essex Realty Group, Inc. was hired by a local developer to exclusively market the property for sale. Within a four-week timeframe, Essex led an extensive marketing campaign resulting in multiple offers and ultimately selling to a local investor for $14,800,000, which equates to a near-record price per unit of over $410,000 per unit for the Roscoe Village/West Lakeview neighborhood. This luxury boutique property was completed in 2020 and comprised of 30 apartment units and six commercial spaces. The apartments were all 2 bedroom/2 bath units with expansive floorplans and featured high-end custom finishes with balconies and private rooftop lounge patios. Amenities included a private fitness center and heated indoor garage parking. The property is situated on the northeast side of Clybourn Avenue, just one block east of the north branch of the Chicago River. Roscoe Village is a charming north side neighborhood nestled between Lakeview, North Center, and Bucktown. Neighbored by a combination of new condo buildings, residential apartments, and retail corridors, the tenants at 2827-48 N Clybourn are nestled into their own little community. Residents are steps away from major retailers such as Starbucks, Jewel-Osco, CVS, as well as unique independent destinations like Hexe Coffee Co. Stepping away from the brick and mortar, Fellger Playlot Park, and Hamlin Park are wonderful locations for people to enjoy the great outdoors. The diverse qualities of Roscoe Village make it an area of Chicago that many people are pleased to call home.
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2827-47 North Clybourn Avenue
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