Essex Realty Group Successfully Sells 8-Unit Corner Apartment Building in Logan Square

CHICAGO, ILLINOIS– Chicago-based multifamily brokerage firm Essex Realty Group, LLC announced the sale of 2806 North Ridgeway Avenue, an 8-unit corner apartment building in Chicago’s vibrant Logan Square neighborhood. The team of Essex Principals Jordan Gottlieb and Jim Darrow, along with Director Brian Keegan represented the seller of the transaction, and Essex Managing Director Matt Feo represented the buyer.

The building is comprised of six spacious 2-bed/1-bath apartments and two studio garden units. The property was fully renovated in 2016, receiving new electric, plumbing, HVAC systems and updated finishes. Each of the units feature open floorplans with lots of natural light, hardwood floors, stainless steel appliances, quartz or granite countertops, subway tile backsplash and showers, and in-unit laundry.

“Buyers appreciated that the entire property was renovated just nine years ago and this part of Logan Square has grown tremendously in recent years,” said Jordan Gottlieb, Principal at Essex Realty Group, LLC.

The property is within close proximity to both the Logan Square and Belmont “L” stations, offering quick access to the CTA Blue Line. The nearby Healy Metra Station serves the MD-N line, and several bus stops in the area provide tenants with countless transportation options. Additionally, the building is just moments away from Milwaukee Avenue’s bustling dining, shopping, and entertainment scene.

Throughout the marketing phase, 2806 N. Ridgeway Ave. hosted over 20 property tours, attracting significant interest from prospective buyers. Ultimately, the property garnered multiple offers and sold for $1.81MM.

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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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