Logan Square Apartments Trade After 30-Year Hold

Essex Realty Group, Inc. recently facilitated the sale of 2809 W. Logan Blvd., a greystone apartment building in Logan Square. The four-unit property has been under the same ownership for more than 30 years and presents a new owner with multiple value-add opportunities.

The seller, a local investor, hired Essex director Abe Eilian and associate Brian Keegan to exclusively market the property for sale. The property ultimately sold within 99% of the original list price for $1,250,000. Keegan represented the buyer, a local investor.

“Due to the unit sizes and value-add component, we were confident the property would attract both live-in owners and pure investors alike, so we positioned the property with both buyer profiles in mind in order to create maximum competition and net the seller absolute top dollar for a property that he worked very hard on maintaining for 30-plus years,” said Eilian.