Woodlawn Sale is Essex’s Fourth South Side Deal in 30 Days
Essex Realty Group recently brokered the sale of 6757 S. Evans Ave. in Woodlawn. This marks the fourth South Side transaction closed by the Essex team in 30 days.
Director Brian Mond marketed the seven-unit multifamily property on behalf of a local investor. Essex principal Steve Livaditis and director Jacob Goldstein represented the buyer, a local investor, who purchased the property for approximately $625,000, or $89,285 per unit.
Essex’ South Side brokerage team closed sales of three properties in South Shore over the past month, including 7300 S. Jeffery Boulevard, 7846 S. Exchange Avenue and 7450 S. Luella Avenue.
“We are witnessing a change in South Shore which is drawing attention from investors, both local and out-of-state alike,” said Mond. “Where else in the country can you buy an investment opportunity at an 8% cap rate in a neighborhood located along the lake in one of the biggest metropolitan cities?”
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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