Essex Realty Group Brokers the Sale of 1523 W. Chicago Ave.
September 26, 2017 11:08 AM
1523 W. Chicago Ave is comprised of two separate buildings totaling 8 units in the center of Chicago’s East Village, West Town, and Noble Square neighborhoods. The mixed-use property was originally built in 1864 and consists of six 3-bedroom/1-bathroom apartments, one commercial space and rear coach house.
The purchaser plans to preserve the building’s beautiful exterior façade while adding 9 additional apartment units for a total of 15 apartments and a restaurant space.
The property was marketed without an asking price, and after 29 investor tours and multiple offers to purchase, the property sold for $3,450,000.
Steve Livaditis & Joe Scheck represented the seller and Doug Imber, Kate Varde and Clay Maxfield represented the buyer on the transaction.