Essex Realty brokers sale of vintage multiunit in Uptown

Chicago-based commercial real estate brokerage firm Essex Realty Group has announced the sale of 940 W. Argyle Street, a six-unit multifamily property located in Chicago’s Uptown neighborhood.

The team of director Clay Maxfield and associate Mack Quaid represented the seller, a local investor. This Essex team conducted an extensive marketing campaign resulting in more than 12 property tours and multiple offers.

The buyer, a local investor in a 1031 exchange, purchased the property for approximately $1,646,000 which equates to $274,333 per unit. The team of President Doug Imber with Principal Kate Varde and Directors Jaimie Steinher and Dan Shepherd represented the buyer.

940 W. Argyle Street is comprised of five large 3 bed/1 bath units and one 2 bed/1 bath unit. The apartments feature hardwood floors, vintage details, and varying levels of kitchen and bath finishes. The property is conveniently located within 0.20 miles from the new Argyle CTA Red Line station.

Since 1990, Essex Realty Group, Inc. has served Chicago’s investment real estate market as a top multifamily real estate brokerage firm. Contact us to learn more about our recent Chicagoland multifamily and mixed-use property sales and talk to a Chicago multifamily broker today.