Essex Realty Group’s Matt Feo and Abe Eilian Close $9.6 Million Across Three Chicago Multifamily Sales

CHICAGO, ILLINOIS — Chicago-based multifamily brokerage firm Essex Realty Group, LLC is pleased to announce the successful sale of three multifamily properties across Chicago totaling approximately $9.6 million in transaction volume. Principal Matt Feo and Director Abe Eilian represented the transactions, which collectively included 20 apartment units across three highly sought-after Chicago neighborhoods.

Transaction Summary

• Transaction Type: Chicago Multifamily Property Sales
• Properties: 1049 N. Wolcott Avenue, 918 W. Eastwood Avenue & 1620 W. Grand Avenue
• Neighborhoods: Ukrainian Village, Uptown & West Town
• Property Type: Multifamily Apartment Buildings
• Total Units: 20 Units
• Total Transaction Volume: Approximately $9.6 Million
• Brokers: Principal Matt Feo and Director Abe Eilian

Property Overview: Chicago Multifamily Property Sales

The transactions included 1049 N. Wolcott Avenue in Ukrainian Village, 918 W. Eastwood Avenue in Uptown, and 1620 W. Grand Avenue in West Town. Collectively, the sales highlight continued investor demand for well-located multifamily assets throughout Chicago, ranging from value-add opportunities in established neighborhoods to newly constructed luxury apartment buildings in high-growth submarkets.

1620 W. Grand Avenue is an eight-unit luxury multifamily property in West Town near Fulton Market and the West Loop. The newly constructed asset features condominium-quality residences, private elevator access, rooftop decks, garage parking, and an oversized unit mix designed to meet growing demand for larger-format luxury rentals. The property sold on June 13 for $6,225,000.

1049 N. Wolcott Avenue is a six-unit apartment building located in Ukrainian Village, just steps from the Division Street Corridor, the CTA Blue Line, and The 606 Trail. The property attracted significant investor interest due to its value-add potential, large unfinished basement, oversized brick garage, and location within Chicago’s ADU pilot area. The building sold for $1,405,000. [oai_citation:0‡Wikipedia](https://en.wikipedia.org/wiki/Bloomingdale_Trail?utm_source=chatgpt.com)

918 W. Eastwood Avenue is a six-unit center-entrance walk-up in Uptown. Delivered 100% vacant at closing and approved for the addition of two garden-level units, the property represented a rare repositioning opportunity in one of Chicago’s most vibrant lakefront neighborhoods. Located near Montrose Beach, the Lakefront Trail, and the Lawrence Red Line Station, the asset sold for $1,985,000.

Broker Representation for the Chicago Multifamily Property Sales

Principal Matt Feo and Director Abe Eilian represented all three transactions.

“These three closings are a good reflection of where the market stands today. It’s a balanced market with a wide variety of buyers actively executing on very different strategies—from a 1031 buyer acquiring a fully stabilized new construction asset, to investors buying vacant buildings and gutting them, one for rental and one to go condo. That full spectrum of activity is a healthy sign and speaks to the breadth of opportunity that exists in the Chicago multifamily market right now,” said Principal Matt Feo.

Chicago Multifamily Investment Market

These transactions demonstrate the continued depth of buyer demand across Chicago’s multifamily market. From value-add opportunities to newly constructed luxury assets, investors remain attracted to properties that offer strong locations, compelling fundamentals, and long-term growth potential.

Neighborhoods such as West Town, Ukrainian Village, and Uptown continue to experience strong investor interest due to their walkability, transit accessibility, rental demand, and long-term appreciation potential.

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About Essex Realty Group, LLC

Essex Realty Group, LLC is a leading Chicago multifamily brokerage firm specializing in apartment building sales throughout the city and surrounding suburbs. Since 1990, the firm has represented private investors, institutions, and property owners in the acquisition and disposition of multifamily investment properties.