Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Events
  • Real Estate Awards
  • Subscribe
  • Publications
IllinoisMultifamilyRetail

Essex brokers facilitate sale of two West Town properties for $7.26 million total

June 16, 2022
Share on Facebook Share on Twitter Share on LinkedIn Share via email
1355 W. Chicago Ave.
1856 W. Chicago Ave.
Previous Next

Essex Realty Group, Inc. facilitated the sale of 1355 W. Chicago Ave., a 34-unit mixed-use building and 1856 W. Chicago Ave., a 14-unit mixed-use building. Both properties are in Chicago’s popular West Town neighborhood.

Essex Principals Jim Darrow and Jordan Gottlieb, as well as Associate Sarah Rider led a marketing campaign resulting in 43 property tours and 13 offers. Essex Managing Director Brian Karmowski represented the buyer who purchased the property for $4,500,000.

1355 W. Chicago Ave. is comprised of a mix of 31 vintage studio and one-bedroom apartment units and three occupied street level commercial spaces. The property presented an investor with the rare opportunity to acquire 34-units in West Town, a neighborhood typically comprised of smaller investment properties.

Darrow and Gottlieb also represented the seller of 1856 W. Chicago Ave. Essex led a broad marketing campaign resulting in 20 property tours and signed contract after just two weeks on the market. 1856 W. Chicago Avenue sold to a local investor for $2,760,000.

A unique property, 1856 W. Chicago Ave. is comprised of a mix of most large two-bedroom apartments and two street level retail spaces, occupied by H&R Block and Chang’s Martial Arts.

Both properties benefit from the neighborhood’s rising rents and proximity to public transportation and downtown Chicago and the West Loop/Fulton Market district.

Tags
ChicagoEssex Realty Group
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
TexasIndustrial

Lee & Associates brokers sale of 88,821-square-foot industrial building in Arlington

July 15, 2025
TennesseeOffice

Marcus & Millichap closes sale of 92,645-square-foot office building in Knoxville

July 15, 2025
OhioIndustrial

Marcus & Millichap negotiates sale of 25,360-square-foot industrial property in Columbus

July 15, 2025
IllinoisRetail

Mid-America Real Estate Corporation brokers sale of 67,146-square-foot shopping center in Oak Brook

July 15, 2025

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Events
  • Office Locations
  • Advertise
  • Terms and Conditions
  • Contact
© 2025 REjournals.com