Essex Lists Three-Building Northside Portfolio

CHICAGO, ILLINOIS– Chicago-based multifamily brokerage firm Essex Realty Group, LLC announced it has been exclusively engaged to market for sale a portfolio of three apartment buildings on the north side of Chicago. The properties are located at 959 W. Webster Ave., 3434 N. Halsted St. and 1514 N. Honore St. The properties are available for sale individually or as a portfolio.

959 W. Webster Ave includes thirteen 1-bedroom/1-bathroom apartments, eight 2-bedroom/2-bathroom apartments, and three commercial spaces. The property is located in the heart of Lincoln Park immediately across the street from DePaul University and is listed for $7.950,000.

3434 N. Halsted St. is a fifteen unit property comprised of four 1-bedroom/1-bathroom apartments, five 2-bedroom/1-bathroom apartments, four 3-bedroom/1-bathroom apartments, and two commercial spaces. The property is in a premier location in Chicago’s Lakeview neighborhood and is listed for $5.150,000..

1514 N. Honore is a 9 unit apartment property comprised of eight 2-bedroom/1-bathroom apartments and one 2-bedroom/2-bathroom apartment. It is located at the corner of Honore and Milwaukee in the epicenter of Wicker Park. It is listed for sale for $3,000,000.

All three buildings are centrally located within their neighborhoods and offer modern finishes including a mix of stainless steel and white appliances, hardwood floors, granite and quartz countertops, and individual HVAC. The buildings also offer shared laundry, bike storage, and additional storage units that are available to residents.

Essex Principals Kate Varde and Doug Imber list the portfolio, along with Essex Managing Director Rick Ofman. According to Varde, “The properties have had long-term owner management. While they are in premier locations, the properties could benefit from cosmetic improvements. It is hard to find better locations than each of these three assets.”