Successful Sale of Corner Apartment Building in Old Irving Park Neighborhood | Essex Realty Group
Chicago Multifamily Transaction Overview
Chicago-based multifamily brokerage firm Essex Realty Group, Inc., announced the sale of an apartment building at 4101 North Monticello Avenue, located in Chicago’s attractive Old Irving Park neighborhood.
Property Highlights: 4101 North Monticello Avenue
Unit Mix and Renovations
The property is a corner building comprised of four (4) 2-bedroom/1-bathroom and three (3) 3-bedroom/1-bathroom units. Fully renovated in 2013, the building’s electric, plumbing, HVAC, porches, bathrooms, and kitchens are all up to date.
Modern Amenities and Features
Each of the spacious units boast laminate countertops, hardwood floors, large bathrooms, and access to outdoor space.
The transaction was completed with Essex Principals Jim Darrow and Jordan Gottlieb representing the seller and Essex Director Brian Keegan representing the buyer.
Prime Location in Old Irving Park
Transit and Accessibility
Irving Park is one of Chicago’s most desirable neighborhoods, offering an array of quaint coffee shops, local breweries, and a diversified dining scene. The property is located on the east side of Monticello Avenue, just north of Belle Plaine Avenue, and only 3 blocks to the beloved Independence Park, which provides access to indoor and outdoor activities year-round. 4101 N Monticello is also conveniently located less than one mile to the Irving Park Metra Station, Irving Park “L” Station, Kennedy Expressway, and near numerous bus stops.
Neighborhood Appeal for Investors
“Beautiful corner buildings rarely come up for sale in the Old Irving neighborhood. Buyers were drawn to the large layouts of the apartments and the fantastic condition following the renovation in 2013.”said Jordan Gottlieb, Principal at Essex Realty Group, Inc.
Essex Realty Group’s Role in the Transaction
Throughout the marketing phase, 4101 N. Monticello Ave. hosted over 13 tours, attracting significant interest from prospective buyers. The property garnered multiple offers, and ultimately sold for $1,470,000.
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Since 1990, Essex Realty Group, LLC has served Chicago’s investment real estate market as a top multifamily brokerage firm, specializing in Chicago multifamily for sale properties. Contact us today to learn more about our recent multifamily and mixed-use property sales, or click HERE.
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