Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
IllinoisMultifamily

Multifamily property sells in Chicago’s Avondale

May 18, 2022
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Essex Realty Group, Inc. facilitated the sale of 3508-3516 N. Sacramento Ave., a 15-unit multifamily building located in Chicago’s Avondale neighborhood. The property was originally developed and built in 2014 and is comprised of three adjacent buildings.

A multifamily team comprised of Jordan Gottlieb and Matt Feo of Essex Realty Group, Inc. was hired by the seller to exclusively market the property for sale. Within a four-week timeframe, the Essex team led an extensive marketing campaign resulting in eight offers. The property sold within 99% of the list price to a local investor for $4,525,000. Gottlieb and Essex Principal Jim Darrow represented the buyer.   

3508-3516 N. Sacramento Avenue is comprised of a mix of two-and three-bedroom apartments and select units have duplex floorplans. Each unit features hardwood floors, quartz countertops, stainless steel appliances, central heat and air-conditioning, large fireplaces, and in-unit laundry. Most units also include private balconies. Each building has a small semi-private yard and garages that combine for a total of 15 parking spaces. This property presented an investor to the opportunity to acquire a low- maintenance asset in an excellent Avondale location and to increase rents to market levels in the current condition or convert to condominiums.

The property is located less than one-mile from both the Belmont and Addison Blue Line CTA Stations as well as numerous bus stops.

Tags
ChicagoEssex Realty Group
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
WisconsinRetail

Greenstone Partners brokers Pleasant Prairie development site

June 5, 2023
IllinoisMultifamily

Marcus & Millichap arranges sale of 12-unit apartment building in Burbank

June 5, 2023
IllinoisCRE

Interra Realty appoints Sam Polisner as associate

June 5, 2023
OhioFinanceRetail

NorthMarq closes $6.1 million refinance for four-property retail portfolio in Cincinnati market

June 5, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com