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MLC Properties & Management

Essex Realty Group Brokers the Sale of 4630 N. Beacon St.

January 12, 2018 09:18 AM

2017 was another record for year for Essex Realty in facilitating condo deconversion opportunities.

This sale was a 41-unit condominium building located at 4630 N. Beacon St. in the heart of Sheridan Park, a sub-market of the booming Uptown neighborhood in Chicago.

The building, originally developed as rental apartments, was constructed in approximately 1923 and was converted to condominiums in 2002 by a local developer. During the recession in the late 2000's, many of these units saw a decline in value and many of the homeowners chose to lease their units to tenants due to the active rental environment. This property was a perfect condo deconversion candidate and the unit mix consisted of studio and one-bedroom units.

Essex procured over 20 individual property tours with national and local investors, and through a “call for offer” process received numerous written offers.  The property sold within 30 days of marketing for $6,535,000.

Steven Livaditis and Joe Scheck represented both the condo association and the purchaser in this sale. 


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

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