Essex Realty Group, Inc. closed the sale of 3812 N. Wayne Ave., a six-unit multifamily property in Chicago’s Lakeview neighborhood.
Essex was engaged to market 3812 N. Wayne Ave. in early January of 2021. After conducting a marketing campaign resulting in more than 15 property tours and six offers, the property was placed under contract with a non-contingent contract after about three weeks on the market.
The property closed less than 60 days later for $1.825 million. Essex principals Jim Darrow and Jordan Gottlieb represented the buyer, a local family office, in this transaction.
Essex principal Steve Livaditis represented the seller, a family partnership, in the transaction.
The property features six large two-bed/one-bath apartment units that include formal dining rooms, oversized family rooms, enclosed sunrooms and rear outdoor porches. These spacious apartments feature hardwood floors throughout, in-unit laundry, and the kitchens and bathrooms have been modestly updated over the years while maintaining the vintage appeal.
The property sits in the highly accredited Blaine School District, nestled between multi-million-dollar homes and steps away from the Southport corridor’s vibrant retail and entertainment district.
