Essex Realty Group, Inc. has sold The Shelby at 2300 S. Michigan, a 96-unit new construction, mixed-use apartment building located in Chicago, Illinois.
The property is situated on Michigan Avenue and is one block west of McCormick Place, the largest convention center in the United States, and is in the center of the new Motor Row Entertainment District. The Illinois Institute of Technology, The Illinois College of Optometry, Soldier Field and Museum Campus are in close proximity as well.
The property’s convenient location offers easy access to I-55, I-90, I-94, Lake Shore Drive, Cermak-Chinatown Red Line station, the McCormick Place Metra Stations and numerous CTA bus stops.
Jim Darrow and Jordan Gottlieb were the sole brokers for the transaction. The sale price was approximately $25,200,000.