Essex Realty Group Brokers the Sale of 56 Units in Rogers Park

7301 North Ridge Boulevard is a 56-unit apartment building located on the northeast corner of Ridge and Chase in Chicago’s Rogers Park Neighborhood. The unit mix is comprised of 10 studios, twenty-six 1 bed/1 bath, and twenty 2 bed/1 bath apartments. The building sits on a large approximately 150 x 160 FT site.

The property is located near the Jarvis Red Line CTA Station providing easy access to downtown Chicago. Additionally, there are CTA Bus routes along Rogers Avenue and Clark Street as well as walking distance to several popular local restaurants, national retailers and grocery stores.

The Propertygenerated phenomenal interest. Essex conducted 44 property tours in just one week alone. Essex secured a buyer in less than 30 days after a highly competitive selection process between 19 offers in the first round.

The sales price was approximately $4,850,000.

Jim Darrow and Jordan Gottlieb represented the seller and Doug Imber, Kate Varde, and Clay Maxfield represented the buyer on the transaction.