Essex Realty Group Brokers the Sale of 9 Units in Libertyville, IL

October 01, 2019

602-610 N. Milwaukee Avenue is a 9 unit mixed-use apartment building in the heart of downtown Libertyville, an affluent Lake County suburb.

This pocket of downtown Liberytville features heavy foot traffic as Milwaukee Avenue is lined with quaint shops and restaurants and the Village’s Metra Station is just one block away. The subject property is home to Chrissoulas, a popular Greek food restaurant and situated across the street from a $1.5 million dollar LEED certified redevelopment project to add apartment units above the first floor retail space, currently a Starbucks.

Brian Kochendorfer and Troy Beebe represented the seller in this transaction. The purchase price was $2,175,000 which equates to $241,666 per unit. According to Co-Star Comps this is the highest price per unit for a mixed-use or multi-family sale in Libertyville in the last 2 years.

This is the second deal Essex Realty Group, Inc. has closed in Libertyville on Milwaukee Avenue in the last few weeks as 905-911 N. Milwaukee Avenue, a 24 unit apartment building closed earlier in August 2019 for $229,166 per unit.

Tagged in this post: Brian Kochendorfer