Essex Realty Group Facilitates Sale of $11.125MM Mixed-Use Building in Lincoln Square

Chicago Multifamily Transaction Overview

CHICAGO, ILLINOIS — Chicago-based multifamily brokerage firm Essex Realty Group, LLC, a leader among Chicago commercial real estate brokers, is pleased to announce the successful sale of 2407 W. Eastwood Avenue, a mixed-use property located in the heart of Chicago’s highly desirable Lincoln Square neighborhood. The transaction was facilitated by Essex Principals Jim Darrow, Jordan Gottlieb, and Director Brian Keegan.

Property Highlights: 2407 W. Eastwood Ave.

Unit Mix and Features

Designed and completed in 2017, the building features luxury finishes throughout both the ground-floor retail space and all 40 residential units. The unit mix consists of studio and one-bedroom apartments, each thoughtfully appointed with LVT flooring, quartz countertops, stainless steel appliances, tile kitchen backsplashes, luxury bathrooms, individual HVAC systems, in-unit laundry, and private outdoor space in most units. The building also offers a full suite of amenities, including an elevator, garage parking, bike storage, and additional shared laundry facilities.

Prime Location in Grayslake

Transit and Accessibility

“The location-just steps from the heart of Lincoln Square and directly across from the new Brown Line CTA ‘L’ station, was extremely attractive to the out of state buyer” said Jim Darrow, principal at Essex Realty Group, LLC. “It combines the modern conveniences of a new construction building with unbeatable neighborhood charm, making it a rare find in one of Chicago’s most desirable neighborhoods.”

Ideally located at the southwest corner of Eastwood and Western Avenues, the property enjoys a prime Lincoln Square location. It is a half a block from the heart of Lincoln Square’s many unique retail shops and one of a kind restaurants. In addition, residents benefit from proximity to the vibrant Lincoln Avenue corridor just to the south, home to boutique shops, restaurants, and entertainment venues.

Essex Realty Group’s Role in the Transaction

This transaction further underscores Essex Realty Group’s leadership in mid-market mixed-use investment sales across Chicago and reflects the continued investor demand for high-quality mixed-use properties in the city’s most competitive submarkets.

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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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