Essex Tapped To Sell Multifamily Assets in South Side’s Chatham Neighborhood
Chicago, IL – Essex Realty Group, Inc. has been selected to exclusively market for sale two assets located in the South Side’s Chatham neighborhood. 720 and 740 E. 79th Street are two mixed-use properties containing a combined total of 67 units. 720 E. 79th Street is situated on the northeast corner of 79th Street and Evans Avenue, and 740 E. 79th Street is across the street on the northwest corner of the same intersection. The properties are listed for sale together for $3,700,000 by Essex Director Brian Mond.
720 E. 79th Street is a 33-unit mixed-use property comprised of seven first floor retail spaces and a mix of studio and one-bedroom apartment units. 740 E 79th Street is a 34-unit mixed-use property comprised of six first floor retail spaces and a mix of studio and one-bedroom apartment units. Both properties feature beautiful architectural details as well as a mural by local Chicago artist and urban planner Chris Devins, who painted the public art projects as part of his “Chatham 2.0” initiative. The units at both properties feature hardwood floors, radiator heat, white kitchen appliances, and shaker-style kitchen cabinetry.
Both properties are within a few blocks from the 79th Street/Chatham Metra Station with service to downtown Chicago.
Mond leads Essex’ South Side brokerage team. They recently closed two properties throughout Chicago’s South Side including 6720 S. Jeffery Boulevard in Jackson Park Highlands and 400-404 E. 79th Street in Chatham.