Essex Realty Group Completes $2.57 Million Sale of Bucktown Multifamily Property

CHICAGO, ILLINOIS — Chicago-based multifamily brokerage firm Essex Realty Group, LLC is pleased to announce the sale of 2163 North Bell Avenue, an eight unit multifamily property located in Chicago’s Bucktown neighborhood. The recently renovated asset sold for $2,565,000.

Property Description & Unit Mix

The property is comprised of a front six flat featuring four one bedroom one-bathroom apartments and two two-bedroom one and a half bathroom duplex units. At the rear of the property, a coach house includes a two-bedroom two-bathroom apartment and a three-bedroom three-bathroom duplex, offering a diverse and highly desirable unit mix.

Gut renovated in 2017, the building features contemporary finishes throughout, including hardwood floors, stainless steel appliances, granite countertops, tiled bathrooms, individual HVAC systems, in unit laundry, and private rear decks.

Transaction Team

The transaction was facilitated by Principals Jim Darrow and Jordan Gottlieb, and Director Brian Keegan.

“This deal presented a great opportunity to place a truly unique Bucktown asset with an owner who understands both the long-term fundamentals of the neighborhood and the scarcity of boutique multifamily properties with this kind of site layout and unit mix. While there are plenty of mid-sized apartment buildings in Bucktown, far fewer offer this range of unit mix, enormous semi-private outdoor space for every unit, and a shared courtyard feel – aspects that don’t always show up on paper but ultimately work their way back, positively, into the property’s operation,” said Director Brian Keegan. “Opportunities like this don’t come along often, and we were excited both to receive the marketing assignment and to match the right buyer with a property that truly stands apart.”

Location & Investment Outlook

Located at the southeast corner of Palmer Street and Bell Avenue, the property offers a well situated Bucktown location with proximity to public transportation, major roadways, and the surrounding neighborhood amenities.

Bucktown continues to be one of Chicago’s most sought-after North Side submarkets, supported by strong renter demand, limited supply of comparable assets, and a walkable neighborhood environment. Its combination of residential character, transit connectivity, and lifestyle amenities continues to drive sustained interest from multifamily investors.

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

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