Essex brokers facilitate sale of lakefront apartment building in two days

Chicago-based multifamily brokerage firm Essex Realty Group, Inc. recently facilitated the sale of a beachfront apartment building located at 1051 W. Pratt Boulevard in Chicago’s East Rogers Park neighborhood.

The Essex team of Steven Livaditis and Jacob Goldstein exclusively marketed the property for sale on behalf of a long-term owner who had operated the property for over 30 years. After just two days of marketing the property, Essex procured multiple offers to purchase, and Livaditis and Goldstein successfully sold the property to a local entity in need of fulfilling their 1031-Exchange requirements. The property closed at the full list price of $3.4 million just four weeks later.

The design of the building comprised one and two-bedroom apartments, including garage parking.