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Essex Finalizes Sales of Two Multifamily Properties in Chatham and Brainerd

March 18, 2024

CHICAGO, ILLINOIS– Chicago-based multifamily brokerage firm Essex Realty Group, Inc. has facilitated the sale of two apartment buildings in Chicago’s Chatham and Brainerd Neighborhoods.

Essex’s Berman – Anguiano Team of Robert Berman, Michael Anguiano, Daniel Shabsin, Jeremy DeMarco, and Joe Kahlhammer, exclusively represented both private sellers.

These transactions include the sale of 8503 S. Drexel Avenue, a 12-Unit apartment building and 9401 S. Ashland Avenue, a 34-unit apartment building. Drexel, built in 1928, features nine one-bedroom/ one-bath units and three two-bedroom/ one-bath units. Ashland, built in 1930, features twelve studio units, sixteen one-bedroom/one-bath units, and six commercial spaces.

“We were able to procure multiple competitive bids from both local and out-of-state investors, successfully navigate the escrow process, and bring both transactions to a close,” said Berman.

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