Chicago-based multifamily brokerage firm Essex Realty Group, Inc. brokered the sale of 821 W. Montrose Avenue, an apartment building in Chicago’s Buena Park neighborhood, just steps from Lake Michigan.
Essex Managing Director, Brian Karmowski represented the seller of the transaction, hosting over 25 tours and attracting significant interest from prospective buyers. Ultimately, the property sold for above the listing price, at $4.3 million, with Essex Managing Director Matt Feo and Director Abe Eilian representing the buyer.
The property consists of 23 units, offering a desirable mix of 1, 2, and 3-bedroom layouts. It features a shared green space, and six surface parking spaces located at the rear. This vintage building boasts high ceilings and large layouts, presenting an excellent opportunity for modernization or conversion to suit various needs.
Located .2 miles from Lake Shore Drive, .5 miles from the Wilson Red Line stop, and situated near several bus lines that run along Montrose Ave and Sheridan Rd, the building provides superior access to the surrounding neighborhoods and downtown area.
