Essex Realty Group Brokers the Sale of Two Multi-Family Buildings in Crystal Lake

April 20, 2018

431-455 Brandy Drive is an 18-unit townhome complex. The property consists of 6 two-story buildings each consisting of two 2Bd/1.5Ba and one 3Bd/1.5Ba.

223-265 Uteg St. is a 48-unit garden complex. The property consists of 6 buildings with 8 units each. The unit mix consists of twenty 1 Bd/1Ba and twenty-eight 2 Bd/1Ba units.

Both properties are located in the highly desirable suburb of Crystal Lake whose amenities include the Crystal Lake Country Club, Country Corners Shopping Center, and the Three Oaks Recreation Area. Three Oaks is situated on multiple lakes and features hiking paths, a beach area, and boat rentals.

The sale price for 431-455 Brandy Dr. was approximately $2,458,200 and the sale price for 223-265 Uteg was approximately $4,800,000.

Doug Fisher and Brian Kochendorfer represented the seller and Doug Fisher represented the buyer on the 431-455 Brandy Dr. 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.

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Tagged in this post: Brian Kochendorfer