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"Essex did an excellent job with the recent sale of one of our investment properties. The entire process went very smooth, starting with their initial valuation to the closing of the transaction. We were very happy with their efforts and the final outcome."

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Essex Realty Group Brokers the Sale of 1523 W. Chicago Ave.

September 26, 2017 11:08 AM
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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.

 
 
 

Essex Realty Group, Inc. 2211 N. Elston Ave. Suite 302, Chicago, IL 60614 PHone: 773.305.4900

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