Essex Realty Group Negotiates $2.3M Sale of 4-Building Multifamily Portfolio in Chicago’s Austin Neighborhood

July 15, 2024

CHICAGO, ILLINOIS – Essex Realty Group, Inc a leading Chicago based multifamily brokerage firm, is pleased to announce the closing of a 4 building, 38-unit portfolio located in Chicago’s West Side Austin neighborhood.

Essex’ Berman Anguiano Team consisting of Robert Berman, Michael Anguiano, Daniel Shabsin, Jeremy DeMarco, and Joe Kahlhammer exclusively represented the long-term, local seller in this transaction. The properties, located at, 44 N Mason, 60 N Mason, 112 N Mason, and 150 N Mayfield, sold to a local investor for $2,325,000.

This stabilized portfolio consisted of seventeen [17] 1 bed/1 bath units and twenty-one [21] 2 bed/1 bath units. The new owner plans to update vintage units to capture rising rental rates.

“We continue to see strong demand for west side assets. Following a targeted marketing campaign, we procured multiple offers from both local and out of state buyers”, said Robert Berman, Managing Director.

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: Robert Berman , Michael Anguiano , Daniel Shabsin , Jeremy DeMarco , Joe Kahlhammer