Essex Realty Group Brokers $2.9M Logan Square Multifamily Sale
CHICAGO, ILLINOIS — Essex Realty Group, LLC announced the successful sale of 2555 W. Logan Boulevard, an eight-unit multifamily property prominently located on Chicago’s iconic Logan Boulevard in the heart of the Logan Square neighborhood. The property consists of a six-unit center-entrance building at 2555 W. Logan Boulevard and a two-unit building at 2535 N. Rockwell Avenue. The property sold for $2,900,000.
Transaction Summary
| Property | 2555 W. Logan Boulevard and 2535 N. Rockwell Avenue, Chicago, Illinois |
|---|---|
| Neighborhood | Logan Square |
| Property Type | Multifamily |
| Unit Count | 8 Units |
| Sale Price | $2,900,000 |
| Representation | Seller and Buyer Representation by Essex Realty Group |
| Transaction Team |
Principal Jim Darrow Principal Jordan Gottlieb Director Brian Keegan |
Property Overview: Eight-Unit Multifamily Property on Logan Boulevard
Originally renovated through a complete gut rehabilitation in 2015, the property features large condominium-quality apartments with modern finishes, updated mechanical systems, new electrical and plumbing infrastructure, individual HVAC systems, in-unit laundry, steel rear decks, and spacious open floor plans.
The rear two-unit building also offers a unique outdoor space between the buildings, a rare amenity within the Logan Square multifamily market.
Broker Representation for the Logan Square Multifamily Sale
Principals Jim Darrow and Jordan Gottlieb, along with Director Brian Keegan, exclusively represented the seller. Director Brian Keegan also represented the buyer in the transaction.
“We are proud to continue earning opportunities to advise clients within the Northwest Side Housing Preservation Ordinance District, where experience and process are critical to achieving a successful outcome. In this case, we were pleased to help facilitate a very smooth transaction on behalf of the seller. It is also always exciting to bring a generational real estate opportunity to market and see it trade to the right long-term steward.”
— Director Brian Keegan
Logan Square Multifamily Investment Market
Situated along one of Chicago’s most desirable residential boulevards, the property benefits from Logan Square’s vibrant mix of historic architecture, acclaimed restaurants, neighborhood retail, public transportation, and expansive green space.
The combination of a premier location, extensive renovations, and substantial rental upside generated strong investor interest throughout the marketing process.
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About Essex Realty Group
Essex Realty Group is a Chicago-based commercial real estate brokerage specializing in the advisory and sale of multifamily investment properties throughout the Chicago metropolitan area. Through comprehensive market knowledge, targeted marketing strategies, and deep investor relationships, Essex Realty Group helps clients maximize value while achieving their investment objectives.