Essex Realty Group Brokers Lincoln Park Condo Deconversion Sale

May 14, 2019

Steven Livaditis and Joe Scheck of Essex Realty Group were exclusively hired to represent the association board and the homeowners in a condo deconversion sale of 915 W. Montana St. in Chicago.

The eighteen (18) unit condominium building is located in the premier Lincoln Park neighborhood on Chicago’s North-side. Essex marketed all the condominium units to be sold in their entirety, allowing a buyer the potential to deconvert the association and operate the property as an apartment building.

The property is a three-story, brick building that featured one-bedroom units with multiple floorplans. All the units had either individual patios or balconies, various levels of kitchen and bathroom finishes, and a handful of units featured vaulted ceilings. Additionally, the property included an 18-space parking pad.

915 W. Montana St. is located on one of the most affluent streets in Lincoln Park due to the low density of rental units, new single-family homes, and new high-end condominium construction.

Through aggressive marketing efforts, Essex was able to procure over 20 property tours and produce multiple written offers. The property closed within 5 weeks of final homeowner sale approval to Bertsch Properties.

The sale price was approximately $4,314,000.

Steve Livaditis and Joe Scheck also represented the purchaser in this transaction.

Tagged in this post: Steven Livaditis