Essex Sells One West Town Property And Lists Another

Chicago-based multifamily brokerage firm Essex Realty Group, Inc. recently facilitated the sale of 1342-44 W. Ohio Street and recently listed 1463 W. Huron Street. Both properties are located in Chicago’s popular West Town neighborhood.

1342-44 W. Ohio Street is a six-unit multifamily apartment building plus the adjacent 24’ x 126’ foot lot. The apartment building is comprised of one bedroom and one bedroom plus den apartment units. The apartments currently have vintage finishes creating a value-add opportunity for a new owner to update the units and capture rental upside. The adjacent lot is zone RS-3 and numerous lots in the surrounding area have been up-zoned to RM-4.5 or RM-5. The property and adjacent land sold to a local investor for $1,140,000. Essex director Abe Eilian represented the buyer in this transaction.

Located just northwest of 1342-44 W. Ohio Street sits 1463 W. Huron Street, a four-unit multifamily property. The unit mix is comprised of all two-bedroom units. Renovated in 2017, the apartments include new countertops, espresso kitchen cabinets, and a mix of stainless steel and white appliances in the kitchens. These spacious apartments also have hardwood floors, individual HVAC, washer/dryer in-unit and individual back decks. The property is situated on the south side of Huron Street, just one block east of Ashland Avenue. 1463 W. Huron Street is listed for sale at $1,250,000 by Essex director Anthony Citriglia.

Both properties are conveniently located within approximately one-half mile of the Chicago Blue Line CTA Station.