From Contract To Close In 31 Days
February 17, 2021

CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 4155 W. Roscoe Street, a six-unit multifamily property located in Chicago’s Old Irving Park neighborhood.

Essex was engaged to market the property in mid-November 2020. After conducting an extensive marketing campaign resulting in multiple offers, the property was placed under contract after two months on the market. The property closed just one month later for approximately $890,000 which equates to approximately $148,333 per unit.

“I can speak for everyone involved when I say we are thrilled to see this over the finish line. Essex was engaged to sell the property by a seller who sought a quick close but also required a specific price in order to satisfy a hard money loan. Conveniently, the buyers were in a 1031 trade. Kudos to Marc Gryzlo at Oxford Bank for pushing this loan through in less than 35 days!” Explains Essex Director and broker on the transaction Clay Maxfield.

4155 W. Roscoe Street features four 2 bed/1 bath units and two 3 bed/1 bath units. Renovated in 2018, the units feature newly refinished hardwood floors, espresso kitchen cabinets, light granite countertops, stainless steel appliances, and modern bathroom fixtures. The property is conveniently located 0.70 miles west of the Addison CTA Blue Line Station, less than 0.65 miles south of the Grayland Metra Station and Irving Park Metra Station, and within proximity to several CTA bus stops.

Since 1990, Essex Realty Group, Inc. has served Chicago's investment real estate market as a top multifamily real estate brokerage firm. Contact us to learn more about our recent Chicagoland multifamily and mixed-use property sales and talk to a Chicago multifamily broker today.

Tagged in this post: Clay Maxfield