Essex Brokers Facilitate Sale of Lincoln Park Multifamily Building For $420K+ Per Unit

Chicago-based multifamily brokerage firm Essex Realty Group, Inc. recently facilitated the sale of 2509 N. Clybourn Avenue, a four-unit multifamily property located in Chicago’s Lincoln Park neighborhood.

The seller, a local investor, hired Essex director Abe Eilian to exclusively market the property for sale. Essex led an extensive marketing campaign resulting in multiple offers. The property ultimately sold to a local investor for $1,687,500, which equates to $421,875 per unit.

2509 N. Clybourn Avenue is comprised of four spacious apartments, a mix of three- and four-bedroom duplex apartment units. The property sits on an oversized lot and there are four parking spaces on-site. The property was completely renovated in 2020 and the units have high-end finishes including stainless steel appliances and quartz countertops in the kitchen, hardwood floors throughout, washer/dryer in-unit and individual HVAC.