Essex Three-Twelve Closes Bucktown Six-Unit for $2.665 Million
CHICAGO, ILLINOIS — Essex Three-Twelve is pleased to announce the successful sale of 2028–2030 N. Oakley Ave., a recently renovated six-unit multifamily property in Chicago’s Bucktown neighborhood. The property sold for $2,665,000, with Essex Three-Twelve Managing Broker Niko Apostal representing the seller in the transaction.
2028–2030 N. Oakley Ave. Transaction Summary
Recently Renovated Six-Unit Multifamily Property in Bucktown
Located on a corner in a residential pocket of Bucktown, the approximately 4,800-square-foot property underwent a major renovation completed in spring 2026. The improvements positioned the building as a low-maintenance multifamily investment in one of Chicago’s established North Side rental markets.
The six-unit property features a diverse mix of one, two, and three-bedroom apartments, allowing the building to appeal to a broad range of renters. Each residence was recently renovated with modern finishes, including hardwood flooring, stainless steel appliances, quartz countertops, and tiled bathrooms.
Units also feature individual HVAC systems and in-unit laundry, providing amenities that can support tenant demand while reducing the need for significant near-term interior improvements.
In addition to the building’s recent renovation, the property includes four private garage parking spaces, an attractive amenity in the densely developed Bucktown neighborhood.
Bucktown Location Near the CTA Blue Line and The 606
2028–2030 N. Oakley Ave. provides residents with convenient access to transportation, recreation, dining, and retail throughout Bucktown and neighboring Wicker Park.
The property is within walking distance of the Western CTA Blue Line station, multiple bus routes, and The 606, providing connectivity to Downtown Chicago and other neighborhoods throughout the city.
The combination of neighborhood amenities, transit accessibility, and a residential setting contributes to Bucktown’s continued appeal among renters and multifamily investors.
Positioning a Renovated Multifamily Asset for Sale
The $2.665 million transaction highlights the investment characteristics of well-located multifamily properties where extensive near-term capital improvements are not required.
For sellers who have recently invested in renovations, communicating the scope and value of those improvements can be an important part of the property’s overall investment story. Updated units, individual building systems, in-unit amenities, and parking can help prospective buyers understand both the property’s current condition and its future operating potential.
“2028–2030 N. Oakley offered a combination that continues to resonate with multifamily investors: a strong Bucktown location, newly renovated units, and a diverse unit mix,” said Niko Apostal, Managing Broker at Essex Three-Twelve. “The seller had completed a significant renovation of the property, allowing us to bring a high-quality, stabilized asset to the market and highlight both its current condition and long-term potential.”
Work With Essex Three-Twelve
Every Chicago multifamily property requires a marketing strategy built around its specific strengths. Whether those include recent renovations, rental upside, location, unit mix, or redevelopment potential, identifying the property’s most compelling investment characteristics can help position it for the appropriate buyer pool.
Essex Three-Twelve specializes in the sale of three- to twelve-unit multifamily properties throughout Chicago. Our team works with owners to evaluate property value, buyer demand, positioning, and marketing strategy before bringing an asset to market.
If you’re considering selling a Chicago multifamily property, contact Essex Three-Twelve to discuss your building’s current market position and potential sale strategy.
About Essex Three-Twelve
Essex Three-Twelve is a Chicago multifamily brokerage specializing in investment sales of three- to twelve-unit apartment buildings. As an entity of Essex Realty Group, Essex Three-Twelve provides property owners and investors with market insight, valuation expertise, strategic marketing, and transaction advisory services tailored to Chicago’s small multifamily market.