ReJournals | Illinois Multifamily

Logan Square multifamily building under contract after just 10 days

May 05, 2022

Essex Realty Group, Inc. recently facilitated the sale of 2809 W. Logan Boulevard, a Greystone apartment building located in Chicago’s Logan Square neighborhood.

The seller, a local investor, hired Essex Director Abe Eilian and Associate Brian Keegan to exclusively market the property for sale. Within a 10-day timeframe, Essex led an extensive marketing campaign resulting in six written offers. The property ultimately sold within 99% of the original list price for $1,250,000. Keegan represented the buyer, a local investor, in this transaction.

2809 W. Logan Boulevard is located on the south side of Logan Boulevard, just west of California Avenue. This four-unit building is comprised of a mix of one-, two-, and three-bedroom apartment floorplans. The property has been under the same ownership for over 30 years and presents a new owner with multiple value add opportunities.

The property is located just one-half mile from the California Blue Line CTA Station, and close to a number of popular bars and restaurants.

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Tagged in this post: Abe Eilian, Brian Keegan