Essex Realty Group Brokers Sales of Three South Side Apartment Buildings

Chicago Multifamily Transaction Overview

Chicago real estate investment brokerage, 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.

Property Highlights: South Side Buildings

Unit Mix

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.

Essex Realty Group’s Role in the Transaction

“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.

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Since 1990, Essex Realty Group, LLC has served Chicago’s investment real estate market as a top multifamily brokerage firm, specializing in Chicago multifamily for sale properties. Contact us today to learn more about our recent multifamily and mixed-use property sales, or click HERE.

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