Essex Realty Group Brokers Successful Sale of 6-Unit Noble Square Apartment Building

CHICAGO, ILLINOIS– Chicago-based multifamily brokerage firm Essex Realty Group, LLC announced the sale of a 6-unit apartment building located at 1470 W. Huron St. in Chicago’s popular Noble Square neighborhood in West Town.

The property is comprised of three 2-Bed/1-Bath and three 1-Bed/1-Bath apartments, along with three exterior parking spaces. Gut-renovated in 1996, each unit features true wood flooring, a mix of stainless steel and white appliances, dishwashers, central heat, and basement laundry access. The property also features a large rear porch and a private hardscaped yard that tenants can access.

The building is ideally situated on the north side of Huron Street just east of Ashland Avenue and is conveniently less than a mile from both the Chicago and Division L Stations, making this an excellent location within the West Town neighborhood. Quick access to the CTA Blue Line Station and 90/94 expressway, along with several bus stops, offers easy access to the city and surrounding areas.

Essex Principal Brian Karmowski and Director Brian Keegan represented the seller of the property in the transaction. Throughout the marketing process, they hosted more than 20 tours and solicited multiple offers. In Keegan’s words, “This was an excellent market opportunity, as Huron had been extremely closely cared for by its owners for almost 30 years. The building’s proximity to the ongoing expansion of the West Loop and the various developments proposed near the United Center provide strong underlying support for sustained rent growth. The marketing process and transaction reinforced a key market dynamic: The demand for property with tremendous curb appeal, solid construction, and outstanding location is overwhelming here in Chicago.”