Essex Realty Group, Inc. Brokers Ellsworth Station Transaction in Naperville

January 08, 2020

Essex Realty Group, Inc. announces the sale of Ellsworth Station, a 39-unit new construction property located at 320 N. Ellsworth St. in Naperville, IL. Ellsworth Station is situated across the street from Burlington Square Park and the Naperville BNSF Railway Line Metra station, and just three blocks from the suburb’s vibrant downtown dining and shopping district.

Delivered in 2018, the property features large luxury apartment units featuring keyless entry, open floorplans, gourmet kitchens with quartz countertops and stainless steel appliances plus in-unit laundry. Additionally, the community includes two fitness rooms, a community room, and heated garage parking.

“The sellers, a husband and wife duo, put a tremendous amount of thought and care into this development as evidenced by the condo-quality finishes throughout,” said Essex President Doug Imber, one of the selling brokers.

Essex Principal Kate Varde joined Imber in representing the sellers.

Essex Principal Doug Fisher, Director Abe Eilian and Director Matt Feo represented the buyer, a 1031 exchange investor who had not purchased a property in more than 30 years. The buyer was seeking to upgrade his vintage Chicago portfolio with a newer, high-end suburban legacy asset. Listed for $15.7 million, the sales price was undisclosed.

Ellsworth Station helps complete a record year for Essex with suburban transactions totaling $125 million in sales.

Tagged in this post: Doug Imber , Kate Varde , Abe Eilian , Matt Feo