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North Side Investor Scores Jefferson Park Townhomes

July 14, 2021

Essex Realty Group closed the sale of 5640 and 5641 W. Carmen Ave., two buildings housing a total of eight luxury townhomes in the Northwest Side’s Jefferson Park neighborhood. The property sold to a North Side investor that secured agency debt for a purchase price of approximately $1,880,000.

Principal Steve Livaditis and director Matt Feo represented the local sellers. They led an extensive marketing campaign which resulted in multiple offers from both regional and local investors. Essex director Abe Eilian represented the buyer.

“This was a unique offering with a tremendous amount of upside for the purchaser,” said Livaditis. “These townhomes were nestled in a quiet pocket of Jefferson Park, and offered a single-family home environment to renters that have outgrown the typical North Side apartment. Demand for these rental units, especially post-COVID, was extremely high, which is why the buyers gravitated towards this investment opportunity.”

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

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Tagged in this post: Abe Eilian , Steven Livaditis , Matt Feo