Essex Realty Group, Inc. is pleased to announce the sale of 2950 W. Arthur Avenue, a 16-unit apartment building located in Chicago’s West Ridge neighborhood. The building consists of 2 studios, 4 one bedroom/one bathroom, 10 two bedroom/one bathroom apartments, and 8 exterior parking spaces.

The units were rehabbed in 2005 and all units feature hardwood floors (except 2N), granite countertops, stainless steel appliances (GE) and in-unit circuit breakers. In addition, there is a coin operated laundry in the lower level which includes two (2) washers and two (2) dryers.

Essex led an extensive marketing campaign, generating multiple written offers and created a competitive bidding process. The property ultimately sold within 95% of the list price.

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• 16-Units Featuring (2) Studios, (4) 1Bd/1Ba, and (10) 2Bd/1Ba
• Assumable Debt Available at 3.66% Maturing 6/27 | 66% LTV
• Closed Within 95% of List Price
• Multiple Offers Resulting in a Competitive Bidding Process