Essex Realty Group Brokers Sale of Seven-Building Multifamily Portfolio in Logan Square
CHICAGO, IL – Essex Realty Group, Inc. is pleased to announce the sale of the Logan Portfolio, a seven-property portfolio, in Chicago’s Logan Square neighborhood. All seven properties were purchased by Elevate Group, a local investor group, for a total sale price of $4,300,000.
This 19-unit multifamily portfolio presented the opportunity to acquire immediate scale in a highly sought-after neighborhood.
“The portfolio includes seven properties, all located within four minutes or less of each other, at a relatively high cap rate for the area,” said Essex Director Abe Eilian. Eilian, with Essex Principal Doug Fisher and Director Matt Feo were the brokers on the transaction. “The buyers own multifamily and single-family rental properties throughout Chicago and were well equipped to take on seven separate buildings at once,” continued Eilian.
The portfolio boasts an attractive unit mix of spacious 1-bed, 2-bed and 3-bed units, all of which have received extensive updates.
The building addresses are:
1808 N. Mozart St.
1805 N. Francisco Ave.
2128 N. Bingham St.
2864 W. McLean Ave.
2751 W. Francis Pl.
3138 W. Wabansia Ave.
1624 N. Washtenaw Ave.
Since 1990, Essex Realty Group, Inc. has served Chicago’s investment real estate market as a top multifamily brokerage firm. Contact us today to learn more about our recent multifamily and mixed-use property sales.