Essex Realty Group Sells 25-Unit Multifamily Building In Chicago For $5.4M
4827-4833 North Wolcott Avenue
925 SF
Summary
Essex Realty Group, Inc. has announced the sale of 4827-4833 N. Wolcott Avenue, a 25-unit courtyard building in Chicago’s Ravenswood neighborhood. The property closed for a sale price of $5,435,500. The spacious one- and two-bedroom apartments feature separate living and dining rooms, hardwood floors, and a mix of white or stainless-steel appliances. On-site laundry facilities are available in the basement. The property is conveniently located near public transportation options and a grocery store, offering tenants easy access to amenities.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $5,435,500
- Units: 25
- Price per Unit: $217,420
Jim Darrow, Jordan Gottlieb, and Steve Livaditis from Essex Realty Group, Inc. played key roles in this transaction. Darrow and Gottlieb represented the out-of-state seller and conducted a successful marketing campaign that resulted in multiple property tours and offers. Livaditis represented the buyer, a local investor, in the purchase of the property. The buyer was attracted to the value-add opportunity and the scarcity of quality courtyard buildings in the desirable Ravenswood neighborhood.
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