Essex Realty Group Brokers the Sale of Old Maybelline Headquarters in Edgewater
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Essex Realty Group, Inc. is pleased to announce the sale of the old Maybelline Headquarters located at 5935 N. Clark St. in Edgewater, 0.25 east of the newly funded Peterson-Ravenswood Metra Station. The historic property is presently configured as a 52-unit mixed-use apartment building comprised of thirty-four (34) studios, twelve (12) 1Bd/1Ba units, three (3) non-conforming 1Bd/1Ba units, one (1) 2Bd/1Ba unit, two (2) non-conforming 2Bd/1Ba units, 18,930 SF of commercial space and a 24-car underground garage.
The purchase plans to revitalize 9,700 SF of long-vacant commercial space in addition to rebranding the building, making interior improvements to the apartments and common areas, and adding a roof top amenity space. The purchase price was approximately $6,025,000.
Doug Imber, Kate Varde, Brian Karmowski and Clay Maxfield were the brokers on the transaction.