Essex Realty Group Brokers the Sale of a Multi-Family Building in Hyde Park
November 22, 2016 12:33 PM
Essex Realty Group, Inc. has recently sold 27 bulk condominium units within a 37-unit courtyard building located in Chicago’s Hyde Park neighborhood.
The Property was completely rehabbed in 2006 including all units and building systems. The building condition, unit layouts and finishes are among the nicest in the area and as a result, the building is consistently 100% occupied.
1118-28 E. Hyde Park Blvd. is located approximately one mile north of the University of Chicago and one mile east of Lake Michigan. Also, the property is located near multiple CTA bus stops and two (2) Metra train stations along the Metra Electric District (ME) rail line. Furthermore, I-90, I-94, and Lakeshore Drive can be easily accessed via Hyde Park Boulevard.
The sale price was approximately $4,075,000.
Doug Fisher represented the seller and Jim Darrow represented the buyer.