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Essex Realty Group Acquires Ukrainian Village Multifamily Portfolio For $2.03M

2641 & 2647 West Augusta Boulevard
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This MultiFamily property located in IL was sold for $2,030,000 over 1 year ago. The brokers of the deal were Jordan Gottlieb, James (Jim) Darrow, Sarah Rider, and Jaimie Steinher

The Ukrainian Village two-property portfolio located at 2641 & 2647 W. Augusta Blvd has been sold for a total of $2,030,000. The multifamily buildings, consisting of 12 units, were sold at an average price per unit of $169,167. The total square footage of the properties is 11,943, translating to a price per square foot of $170. The sale was facilitated by Jordan Gottlieb, Jim Darrow, Sarah Rider, and Jaimie Steinher from Essex Realty Group, Inc.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,030,000
  • Units: 12
  • Price per Unit: $169,167
  • Total Square Footage: 11,943
  • Price per Square Foot: $170
  • Address: 2641 & 2647 W. Augusta Blvd
  • Market: Ukrainian Village

Congratulations to the Essex Realty Group, Inc. for representing both the buyer and the seller in this successful deal. Jaimie Steinher, an Essex director, represented the buyer. The Ukrainian Village properties garnered significant attention, attracting 16 groups to view them and generating nine offers. Within just two weeks of being listed on the market, the properties went under contract, showcasing the strong demand for properties in this neighborhood. Kudos to everyone involved in this transaction!

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Deals
  • Location
    2641 W Augusta Blvd, Chicago, Illinois 60622, United States2641 W Augusta Blvd, Chicago, Illinois 60622, United States
  • Sale Price
    $2,030,000$2,030,000
    $170 PPSF$170 PPSF
  • Area
    11,943 SF11,943 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Sarah Rider

Sarah Rider

Deals9
Sold$20.9M

Agency

Essex Realty Group

Essex Realty Group

Agency
Deals380
Volume$1.6B

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Deal Summary

SALE IMAGE: Jaimie Steinher, Jordan Gottlieb, Jim Darrow & Sarah Rider DATE: 07/13/2022 ADDRESS: 2641 & 2647 W. Augusta Blvd MARKET: Ukrainian Village ASSET TYPE: Multifamily BROKERS: Jordan Gottlieb, Jim Darrow (@Genco_Land_Co), Sarah Rider & Jaimie Steinher - Essex Realty Group, Inc. (@essexrealtygroupinc) SALE PRICE: $2,030,000 UNITS: 12 ~ PPU: $169,167 SF: 11,943 ~ PPSF: $170 NOTE FROM BROKERS: Congratulations to Jordan Gottlieb, Jim Darrow (@genco_land_co) & Sarah Rider on the sale of this Ukrainian Village two-property portfolio. These buildings received a great deal of attention, with 16 groups coming to see them and nine offers submitted. The properties were under contract within two weeks of going on the market. Essex Realty Group, Inc. (@essexrealtygroupinc) represented both buyer and seller with Essex Director Jaimie Steinher representing the buyer. Congratulations to all involved in this deal!

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2641 & 2647 West Augusta Boulevard

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