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IllinoisMultifamily

Essex Realty Group brokers sale of 121-unit apartment complex in Chicago’s Sheridan Park

September 9, 2025
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Photo courtesy of Essex Realty Group.

Chicago-based multifamily brokerage firm Essex Realty Group, LLC closed the sale of The Maynard @ 1325 West Wilson Avenue, a 121-unit mixed-use building in Chicago’s Sheridan Park neighborhood.

The asset sold for $18.5 million, marking one of the largest multifamily transactions in Uptown in 2025. Essex Managing Director Matt Feo and Principal Jordan Gottlieb exclusively listed the property and represented the seller, while Feo, together with Managing Director Rick Ofman, represented the buyer.

Located along Wilson Avenue, The Maynard offers immediate access to CTA Red Line stations, the Ravenswood Metra, and multiple bus routes. Redeveloped in 2015, the 12-story property features 121 apartments, four retail suites, and amenities including a rooftop deck, fitness center, bike storage, elevator service, and an on-site café. Units include a mix of studios, one- and two-bedrooms with hardwood floors, granite countertops, stainless appliances, in-unit laundry, and individual HVAC.

The sale further solidifies Essex Realty Group’s position as a market leader in mid-market multifamily and mixed-use investment sales across Chicago.

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