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.

Read feature with Connect CRE and RE Journals.

Work With Chicago Multifamily Brokers

Ready to work with one of the top real estate firms Chicago has to offer? Fill out the form below to connect with a broker at Essex Realty Group.

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.

If you enjoyed this content and would like to stay in the loop, please consider following us on LinkedIn and Instagram!