Essex Three-Twelve Closes Multifamily Transactions Across North Center, Humboldt Park, and Ravenswood
CHICAGO, ILLINOIS — Chicago-based multifamily brokerage firm Essex Three-Twelve, LLC announced the sale of three multifamily properties located across Chicago’s North Center, Humboldt Park, and Ravenswood neighborhoods.
Transaction Summary
- Transaction Type: Chicago Multifamily Property Sales
- Addresses: 3858 N. Hermitage Avenue, 930-32 N. Richmond Avenue, and 4335 N. Damen Avenue
- Neighborhoods: North Center, Humboldt Park, and Ravenswood
- Property Type: Multifamily Apartment Buildings
- Total Unit Count: 11 Units
- Total Sale Volume: $3,867,500
- Brokers: Director Garrett Leigh and Director Mitir Patel
Property Overview: Three Chicago Multifamily Property Sales
3858 N. Hermitage Avenue, a 5-unit multifamily property in Chicago’s North Center neighborhood, sold for $1,600,000. The sale was facilitated by Director Garrett Leigh, who represented the buyer. The blue-painted building is located in a highly desirable North Side neighborhood, and the new buyers have strong roots in the community with plans to preserve the property.
930-32 N. Richmond Avenue, a 4-unit multifamily property across two buildings in Chicago’s Humboldt Park neighborhood, sold for $1,200,000. The property was listed and facilitated by Director Mitir Patel. The asset spans two separate all-brick buildings, with first-floor units featuring duplex-down layouts. Located one block from Humboldt Park, the property offers strong tenant appeal in a sought-after neighborhood location.
4335 N. Damen Avenue, a 2-unit multifamily property in a historic building in Chicago’s Ravenswood neighborhood, sold for $1,067,500. The sale was facilitated by Director Mitir Patel, who represented the buyer.
Investment Demand for Chicago Multifamily Properties
The three closings highlight continued buyer demand for well-located small multifamily properties across Chicago neighborhoods. From a 5-unit North Center asset to a value-add Humboldt Park opportunity and a historic Ravenswood property, each transaction reflects investor confidence in strong rental locations with long-term upside.
“We were able to deliver a qualified buyer with a commitment to the neighborhood and preempt this building going to the wider MLS,” said Garrett Leigh, Director at Essex Three-Twelve.
“The successful closing of both Richmond and Damen reflect the continued demand we’re seeing for well-located multifamily assets across Chicago’s neighborhoods,” said Mitir Patel, Director at Essex Three-Twelve. “From a value-add opportunity near Humboldt Park to a historic Ravenswood property, both sales highlight how buyers remain confident in strong rental locations with long-term upside.”
Broker Representation for the Chicago Apartment Building Sales
The transactions were facilitated by Essex Three-Twelve Directors Garrett Leigh and Mitir Patel. Together, the sales demonstrate Essex Three-Twelve’s continued activity across Chicago’s small multifamily market and its ability to connect buyers and sellers across distinct neighborhood investment opportunities.
Chicago Small Multifamily Investment Market
Chicago’s small multifamily market continues to attract both local and neighborhood-focused investors seeking properties with stable rental demand, long-term upside, and strong location fundamentals.
North Center, Humboldt Park, and Ravenswood each offer distinct investment profiles, from established North Side rental demand to value-add potential near major parks and historic neighborhood housing stock.
As demand for well-located 2- to 6-unit multifamily properties remains active, Chicago’s neighborhood apartment building market continues to provide opportunities for both experienced investors and buyers seeking long-term ownership.
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About Essex Three-Twelve
Essex Three-Twelve is Chicago’s first multi-family brokerage company focused exclusively on servicing investors in the 3-to-12-unit market. The firm provides tailored advisory services to both new and experienced investors seeking to acquire, sell, or reposition multifamily properties across Chicago.