Andersonville Mixed-Use Trades in 1031 Exchange

Essex Realty Group closed the sale of 5622-5628 N. Clark St., a 17-unit mixed-use property in the North Side’s Andersonville neighborhood. A local investor in a 1031 exchange purchased the property for approximately $4,850,000.

The seller, a local investor, hired Essex principals Jim Darrow and Jordan Gottlieb to market the property for sale this past February. The Essex team conducted an extensive marketing campaign resulting in more than ten property tours and multiple offers. Darrow and Gottlieb also represented the buyer.

“5622 N. Clark presented the rare opportunity to purchase a larger mixed-use property in Andersonville in a prime location on Clark Street,” said Darrow. “The apartments are beautifully renovated, and the retail tenants are both long term staples of the neighborhood.” The building is located less than a mile from both the Bryn Mawr and Berwyn Red Line CTA stations and several bus stops.

Since 1990, Essex Realty Group, Inc. has served Chicago’s investment real estate market as a top multifamily brokerage firm. Contact us today to learn more about our recent multifamily and mixed-use property sales, or click HERE.

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