Essex Realty Group, LLC brokered the sale of 1706–1716 W. Farwell Avenue, a 12-unit multifamily apartment building in Chicago’s Rogers Park neighborhood.
Essex Realty Group Principals Doug Imber, Kate Varde, and Managing Director Rick Ofman, represented the seller, while Essex Principal, Jim Darrow, represented the purchaser, a California-based 1031 exchange investor.
The property underwent a complete renovation in 2013, and features eight two-bedroom, two-bathroom apartments and four three-bedroom, three-bathroom duplex apartments. Unit amenities include hardwood floors, granite countertops, stainless steel appliances, in-unit laundry, and individual tenant-paid HVAC.
Located in Chicago’s Rogers Park neighborhood, 1706–1716 W. Farwell Avenue benefits from convenient access to public transportation, including the Rogers Park Metra station and the Morse CTA Red Line station. The property is also approximately 1.2 miles north of Loyola University Chicago and within walking distance of the dining and retail corridors along Clark Street, Sheridan Road, and Howard Street.
