Essex Realty Group closed the sale of a six-building multifamily portfolio consisting of 83 units in Chicago.
The portfolio sold for more than $8.8 million or $106,928 a unit.
The buildings are located in Chicago’s western suburb of Addison at 505 Stevens Drive, 530 Stevens Drive, 516 Green Oaks Court, 524 Green Oaks Court, 521 Green Oaks Court and 529 Macie Court.
The portfolio consisted of 15 one-bedroom/one-bathroom units and 68 two-bedroom/one-bathroom units.
The Essex team of Michael Anguiano, Jeremy DeMarco, Robert Berman, Daniel Shabsin and Joe Kalhammer facilitated the transaction on behalf of the private seller.
