Essex Closes 5-Unit Mixed Use Building in Pilsen

Chicago-based multifamily brokerage firm Essex Realty Group, Inc. recently facilitated the sale of 1848 South Blue Island Avenue, a 5-unit mixed-use building located in Chicago’s popular Pilsen neighborhood.

The seller, a local investor, hired the brokerage team of Jim Darrow & Jordan Gottlieb to exclusively market the property for sale. Essex led an extensive marketing campaign resulting, ultimately, in selling the property to a local investor for $1,365,000.

“The 1800 block of Blue Island is perfectly situated to capitalize on Pilsen’s explosive growth being nearly equidistant from the L station to the west and the nightlife to the east,” explains Essex Principal, Jordan Gottlieb, who led the sales initiative.

The three-story property consists of 4 apartments and one retail storefront and was completely renovated over the past few years. The apartments feature in unit laundry, stainless steel appliances, quartz counters and central HVAC.