Essex Companies Complete Landmark Logan Square Transaction

CHICAGO, ILLINOIS — Essex Realty Group, Essex Three-Twelve, and Essex Capital Markets are pleased to announce the successful closing of 3134 N. Kimball Avenue, a large multifamily property located in Chicago’s Logan Square neighborhood.

The seller was represented by Jack Doyle, Associate of Essex Three-Twelve. The buyer was represented by the Essex Realty Group team of Director Brian Keegan and Principals Jim Darrow and Jordan Gottlieb.

First Transaction Bringing All Three Essex Companies Together

This transaction marks a significant milestone for Essex, as it represents the first time all three Essex entities have collaborated on a single deal, collectively representing the seller, the buyer, and arranging the financing.

“We’re excited to showcase how collaborative the Essex platform is in the first transaction where all three companies were involved. With Essex Three-Twelve representing the seller, Essex Realty Group advising the buyer, and Essex Capital Markets structuring the financing, we were able to align every side of the transaction and ultimately deliver a successful outcome for both the buyer and seller,” said Director Brian Keegan.

Financing Structured by Essex Capital Markets

The financing for the acquisition was arranged on behalf of the buyer by the Essex Capital Markets team of Asher Motew and Quinn Keenan. The financing package was structured with a regional bank and included competitive terms, providing the buyer with the flexibility to execute their business plan for the property.

“Execution isn’t just about proceeds – it’s about aligning capital with the business plan. This structure gave our clients the runway to renovate, reposition rents, and stabilize without forcing the timeline,” said Director Asher Motew.

Logan Square Remains a Highly Desirable Multifamily Market

Logan Square is one of Chicago’s most sought-after Northwest Side neighborhoods, consistently attracting investor interest due to its strong renter demand, vibrant cultural identity, and continued residential and commercial momentum. Situated along the Milwaukee Avenue corridor, the submarket benefits from excellent transit access, a thriving dining and retail scene, and a desirable live-work-play environment that draws a diverse and growing population.

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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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