Essex Realty Group Brokers the Sale of 29 Units in South Shore

October 02, 2018

6949 South Paxton Avenue is a 29-unit corner multi-family property located in Chicago’s South Shore neighborhood. Built in 1928, the property consists of three (3) 4-bedroom, eight (8) 2-bedroom, fifteen (15) 1-bedroom and three studio apartments.

The South Shore neighborhood is located less than 3 miles from the University of Chicago. Its proximity to Lake Shore Drive and the South Shore Metra train make this neighborhood accessible. South Shore remains one of the most densely populated neighborhoods on the South Side. The property is located 0.2 miles from the nearest bus stop at Paxton and 71st Street along with 0.4 miles from the Bryn Mawr Metra station.

The sale price was approximately $1,475,000.

Brian Mond, Jim Darrow, & Jordan Gottlieb represented the seller and Brian Kochendorfer, Brian Karmowski, & Troy Beebe represented the buyer on the transaction.

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.

If you enjoyed this content and would like to stay in the loop, please consider following us on LinkedIn and Instagram! If you’d like to talk with one of our agents on buying a property in the city of Chicago or the surrounding areas, please don’t hesitate to reach out and contact us. Thank you for reading!

Tagged in this post: , Jim Darrow , Jordan Gottlieb , Brian Kochendorfer , Brian Karmowski