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Essex Realty Group Brokers Sales of Three South Side Apartment Buildings

September 06, 2024

CHICAGO, ILLINOIS – Chicago-based multifamily brokerage firm Essex Realty Group, Inc., is pleased to announce the closing of three multifamily properties consisting of 37 total units located on Chicago’s
South Side.

Essex’s Berman-Anguiano Team of Robert Berman, Michael Anguiano, Daniel Shabsin, Jeremy DeMarco, and Joe Kahlhammer exclusively represented the three private sellers of these buildings.

The transactions include the sale of 7957 S. Ellis Avenue, a 15-unit apartment building, 7430 S. Vernon Avenue, a 12-unit apartment building, and 7846 S. Exchange Avenue, a 10-unit apartment building.

7957 S. Ellis Ave. and 7430 S. Vernon Ave. were sold to local groups while 7846 S. Exchange Ave. sold to an out-of-state investor.

“We’ve seen an increase in buyer demand for these South Side assets as mortgage rates have started trending downward,” said Robert Berman Essex Realty Group Managing Director.

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, or click HERE.

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Tagged in this post: Robert Berman , Michael Anguiano , Daniel Shabsin , Jeremy DeMarco , Joe Kahlhammer