Essex Three-Twelve Executes Successful Sale of 3-Unit Multifamily Property in Arcadia Terrace
CHICAGO, ILLINOIS– Chicago-based multifamily brokerage firm Essex Three-Twelve, LLC., announced the sale of a 3-unit multifamily property at 5526 N. Artesian Ave., a prime investment in Arcadia Terrace.
Meticulously maintained, the building offers 3,600 SF and features three fully leased 3 Bed/ 1 Bath units. The property was elegantly renovated in 2020 and offers significant opportunity for increased rental-income, as the garden unit is roughed-in for plumbing and electrical and provides ample ceiling height.
Arcadia Terrace is a quiet residential enclave on Chicago’s far North Side, known for tree-lined streets, well-maintained homes, and a strong sense of community. Located within West Ridge, the neighborhood offers easy access to major roadways, shopping and dining along Devon Avenue, Lincolnwood Town Center, and nearby parks. Arcadia Terrace provides a peaceful setting with convenient access to city amenities and transportation.
Director Niko Apostal and Associate Jack Doyle attracted significant interest from prospective buyers, resulting in an accepted offer within a week of listing. 5526 N. Artesian Ave ultimately sold at $900,000.
“Niko and I were able to secure a contract for this property so quickly because of our intimate knowledge of this submarket and this specific multi-family product. This transaction is a great example of the calculated strategy and approach we bring to every sale”, said Jack Doyle, Associate at Essex Three-Twelve, LLC.
About Essex Three-Twelve:
Essex Three-Twelve is Chicago’s first multi-family brokerage company focusing exclusively on servicing investors in the 3-to-12-unit market. Essex Three-Twelve brokers are highly trained, exceptionally focused, and extremely motivated. Whether clients are seasoned investors or new to the multi-family world, the team provides tailored service and market insights needed to help achieve real estate investment goals.