Connect CRE Chicago

Essex Realty Lists Old Town Luxury Apartments

May 11, 2022

Essex Realty Group has been retained to market for sale the Old Town Collection, a luxury mixed-use apartment building. The new-construction Old Town Collection is located at 1553 N. Wells St. and is listed at $16,000,000.

Completed in 2019, this boutique property is comprised of one retail space and 23 apartment units. Phillz Coffee, a national coffee chain, occupies the street-level commercial space.

“The Old Town Collection is situated in an irreplaceable location in the heart of Old Town,” said Essex principal; Jim Darrow, who is marketing the property with principal Jordan Gottlieb. “For young adults, this Wells Street pocket is arguably one of the most attractive places to live in Chicago as it is lined with bars and restaurants and has become an extremely popular nightlife destination. Plus, the property offers residents great apartment layouts and outdoor space.

Darrow and Gottlieb are representing the seller, a local investor.

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Tagged in this post: Jim Darrow , Jordan Gottlieb