Essex Realty Group Announces Sale of Low Density Apartment Building in Chicago’s Popular Ukrainian Village Neighborhood
CHICAGO, IL – Essex Realty Group, Inc. is pleased to announce the sale of 2335-2337 W. Superior Street, a 14-unit multifamily property located in Chicago’s popular Ukrainian Village neighborhood.
“Ukrainian Village continues to be a neighborhood that attracts multi-family investors. Due to the neighborhood’s low density, this property offered investors a rare opportunity to achieve immediate scale in the area. These factors helped us generate 29 property tours and 9 offers,” explains Essex Director and broker on the transaction Abe Eilian.
The buyer, a local investor, purchased the property for approximately $2,270,000 which equates to approximately $162,143 per unit.
2335-2337 W. Superior Street is situated on a double lot and includes a landscaped backyard. The property has been immaculately maintained by the same owners for over 30 years and features a number of recent capital improvements. The property sits within an ideal pocket of Ukrainian Village, just steps from the many restaurants, bars, and coffee shops that line Chicago Avenue, and one-half mile from the Western Avenue Metra Station.
Essex Realty Group, Inc. is a leading mid-market brokerage firm that specializes in the sale of investment real estate throughout the Chicago metropolitan area.
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