ReJournals | Illinois Multifamily

Essex sells multifamily asset in Chicago’s Woodlawn neighborhood

May 05, 2022

Essex Realty Group, Inc. recently facilitated the sale of 6107-6111 S. Saint Lawrence Avenue, a nine-unit multifamily property located just one block south of Washington Park and The University of Chicago, in Chicago’s Woodlawn neighborhood.

The seller, a local investor, hired Essex Director Brian Mond to exclusively market the property for sale. Within a four-week timeframe, Essex led a marketing campaign resulting in 15 property tours and five offers. The property ultimately sold to Glangevlin Properties, a local investor, for $785,000.

6107-6111 S. Saint Lawrence Avenue is located on southeast corner of 61st Street and Saint Lawrence Avenue near the University of Chicago campus. The property is comprised of a mix of one- and two-bedroom apartments and offers an investor a value-add opportunity.

The property is ideally located just a few blocks from both the King Drive and the Cottage Grove Green Line CTA Stations. Jackson Park and the beautiful shores of Lake Michigan are also conveniently located approximately 1.5 miles east of the property.

Read Full Article at ReJournals | Illinois Multifamily
Tagged in this post: Brian Mond