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Essex Realty Sells Mixed-Use Property In Roscoe Village, Chicago For $14.8M

2827-47 North Clybourn Avenue
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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

A multifamily team led by Steven Livaditis and Jacob Goldstein of Essex Realty Group, Inc. successfully marketed and sold a luxury boutique mixed-use property in Roscoe Village, Chicago. The property, located at 2827-47 N. Clybourn Ave, was sold to a local investor for $14,800,000, setting a near-record price per unit of over $410,000. The property consists of 30 apartment units and six commercial spaces, completed in 2020. Each apartment unit is a 2 bedroom/2 bath with spacious floorplans and high-end custom finishes, featuring balconies and private rooftop lounge patios. The property also offers amenities such as a private fitness center and heated indoor garage parking.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $14,800,000
  • Address: 2827-47 N. Clybourn Ave
  • Market: Roscoe Village, Chicago

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, surrounded by Lakeview, North Center, and Bucktown. The area offers a mix of new condo buildings, residential apartments, and retail corridors. Tenants at 2827-48 N Clybourn have convenient access to major retailers such as Starbucks, Jewel-Osco, CVS, as well as unique independent establishments like Hexe Coffee Co. Residents can also enjoy outdoor activities at Fellger Playlot Park and Hamlin Park. The diverse qualities of Roscoe Village make it a desirable area to call home.

Steve Livaditis and Jacob Goldstein of Essex Realty Group, Inc. served as the brokers in this transaction, leading an extensive marketing campaign that generated multiple offers within a four-week timeframe. Their expertise and efforts resulted in the successful sale of the property to a local investor.

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Deals
  • Location
    2827-47 N Clybourn Ave, Chicago, IL, USA2827-47 N Clybourn Ave, Chicago, IL, USA
  • Sale Price
    $14,800,000$14,800,000
    $1 PPSF$1 PPSF
  • Area
    11,801,270 SF11,801,270 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Jacob Goldstein

Jacob Goldstein

Deals14
Sold$35.4M

Agency

Essex Realty Group

Essex Realty Group

Agency
Deals380
Volume$1.6B

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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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