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Bisnow | This Week’s Chicago Deal Sheet

April 10, 2020

A local Chicagoland investor purchased 4735-4749 West 101 St. in Oak Lawn for $2.45M, and plans to increase rents after completing cosmetic updates to the 32-unit apartment complex, according to Essex Realty Group, which marketed the property for sale. Brian Kochendorfer and Derek Kaptanoglu of Essex represented the seller, while their colleague Steven Livaditis represented the buyer.

Essex also represented both buyer and sellers in the $2.45M off-market sale of 705 West Park Ave., a 20-unit property in Libertyville. At more than $122K per unit, the transaction represents the highest price-per-unit for a Libertyville vintage building in the last 24 months, according to Essex. Brian Karmowski represented the sellers, and Doug Imber, Kate Varde and Clay Maxfield represented the buyer, a private investor.

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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Tagged in this post: Steven Livaditis , Brian Kochendorfer , Brian Karmowski , Doug Imber , Kate Varde