Essex Realty Group Facilitates One of Uptown/ Sheridan Park’s Largest 2025 Multifamily Transactions

Chicago Multifamily Transaction Overview

Chicago-based multifamily brokerage firm Essex Realty Group, LLC announces the successful sale of The Maynard @ 1325 West Wilson Avenue, a 121-unit mixed-use building located in Chicago’s Sheridan Park neighborhood.

The asset sold for $18,500,000, marking one of the largest multifamily transactions in Uptown in 2025. Essex Managing Director Matt Feo and Principal Jordan Gottlieb exclusively listed the property and represented the seller, while Feo, together with Managing Director Rick Ofman, represented the buyer.

Feo noted the property’s rare scale and irreplaceability, stating:
“This was a very unique opportunity to acquire a significant amount of apartment density in a neighborhood mostly dominated by 3 and 4 story walk-up properties,” said Feo. “Additionally, this property was renovated extensively approximately 15 years ago and would be very difficult to replicate with today’s construction and capital costs.”

Property Highlights: The Maynard @ 1325 West Wilson

Unit Mix and Renovations

Redeveloped in 2015, the 12-story property features 121 apartments and four retail suites. Units include a mix of studios, one- and two-bedrooms with hardwood floors, granite countertops, stainless appliances, in-unit laundry, and individual HVAC.

Modern Amenities and Features

The Maynard offers amenities including a rooftop deck, fitness center, bike storage, elevator service, and an on-site café.

Prime Location in Uptown/Sheridan Park

Transit and Accessibility

Located along Wilson Avenue, the property offers immediate access to CTA Red Line stations, the Ravenswood Metra, and multiple bus routes.

Neighborhood Appeal for Investors

The Sheridan Park/Uptown area provides a strong rental base and continued demand for multifamily housing.

Essex Realty Group’s Role in the Transaction

The sale further solidifies Essex Realty Group’s position as a market leader in mid-market multifamily and mixed-use investment sales across Chicago.

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Since 1990, Essex Realty Group, LLC has served Chicago’s investment real estate market as a top multifamily brokerage firm, specializing in Chicago multifamily for sale properties. Contact us today to learn more about our recent multifamily and mixed-use property sales or click HERE.

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