Essex Realty Group Facilitates Sale of 37-Unit Courtyard Apartment Building in Ravenswood

Chicago Multifamily Transaction Overview

Chicago-based multifamily brokerage firm Essex Realty Group, LLC announced the sale of 4501-4509 N. Greenview Avenue, a 37-unit courtyard apartment building located in Chicago’s sought-after Ravenswood neighborhood. The transaction was completed by the team of Essex Principals Doug Imber and Kate Varde, along with Essex Managing Director Rick Ofman.

Property Highlights: 4501-4509 N. Greenview Avenue

Unit Mix and Renovations

The vintage courtyard building is comprised of six studios and 31 one-bedroom apartments

Prime Location in Ravenswood

According to Imber, “Given the desirability of the Ravenswood market, properties are held for longer than in many other sub-markets, making this such a unique opportunity. Additionally, the transaction was more involved in that the seller was lining up a forward 1031 exchange, and the purchaser was pursuing a reverse 1031 exchange.”

Transit and Accessibility

4501-4509 N. Greenview Ave. is located on the Northeast corner of N. Greenview Ave. and W. Sunnyside Ave., just off North Clark Street, a major business hub. Residents enjoy easy access to the Brown Line, Metra (Ravenswood station), and major bus routes, making commuting downtown a breeze.

Work With Chicago Multifamily Brokers

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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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