Essex Three-Twelve Closes $6.64 Million in Chicago Multifamily Sales During August
CHICAGO, ILLINOIS — Essex Three-Twelve closed eight multifamily transactions totaling $6.64 million in sales volume during August 2026, representing 15 units across seven Chicago neighborhoods.
The month’s activity included transactions across both the North and South Sides, reflecting continued demand for smaller multifamily investment properties throughout Chicago. Notable closings included two three-unit properties in Roscoe Village that attracted significant buyer competition and a four-unit Bronzeville property that went under contract in less than two weeks on the active market.
August 2026 Chicago Multifamily Activity
Notable August Multifamily Closings
3141 N. Oakley Ave. | Roscoe Village | 3 Units | $1,249,900
Essex Three-Twelve Director Mitir Patel represented the seller in the $1,249,900 sale of 3141 N. Oakley Ave., a turnkey three-unit property in Roscoe Village.
Turnkey multifamily opportunities are relatively limited in the neighborhood, helping generate strong interest in the property. Through a targeted marketing strategy, Essex Three-Twelve generated three offers, including two before the property was formally introduced to the MLS market.
The property ultimately secured a full-asking-price offer without going live on the MLS, allowing the seller to maximize value while executing an efficient transaction.
3438 N. Seeley Ave. | Roscoe Village | 3 Units | $985,000
Essex Three-Twelve Managing Broker Niko Apostal represented the sellers of 3438 N. Seeley Ave., a vintage three-unit property that closed for $985,000 after generating more than a dozen offers.
The marketing strategy positioned the property for multiple buyer profiles rather than limiting exposure to traditional multifamily investors. After approximately one month of marketing, interest came from investors, developers, and residential buyers.
The property ultimately sold to a neighbor who plans to rehabilitate the vintage building into a single-family residence. The transaction demonstrates how expanding the potential buyer pool can create additional competition and help multifamily sellers pursue the strongest available outcome.
4030 S. Indiana Ave. | Bronzeville | 4 Units | $865,000
Essex Three-Twelve Director Garrett Leigh represented the sale of 4030 S. Indiana Ave., a four-unit multifamily property in Chicago’s Bronzeville neighborhood. The property closed for $865,000 after going under contract in less than two weeks on the active market.
Renovated in 2017, the property offered investors a combination of strong in-place performance and additional rental upside. Its location approximately half a block from the CTA Green Line further supported its appeal as a well-positioned multifamily investment on Chicago’s South Side.
Continued Activity Across Chicago’s 3–12 Unit Market
In total, Essex Three-Twelve’s August closings represented 15 units across seven Chicago neighborhoods, highlighting the breadth of transaction activity taking place within the city’s smaller multifamily market.
With eight transactions and $6.64 million in closed sale volume, August continued an active year for Essex Three-Twelve as the brokerage represented multifamily owners and investors across Chicago.
The month’s results also demonstrate that there is no single approach to marketing a smaller multifamily property. Depending on the asset and seller objectives, that strategy may involve creating competition before an MLS launch, expanding the property to multiple buyer profiles, or generating urgency through a well-executed active-market campaign.
Work With Essex Three-Twelve
Essex Three-Twelve specializes in the sale of three- to twelve-unit multifamily properties throughout Chicago. Our team works with property owners to evaluate market value, identify the most likely buyer pool, and develop a marketing strategy tailored to each property’s specific characteristics and the seller’s objectives.
If you’re considering selling, buying, or evaluating a Chicago multifamily property, connect with Essex Three-Twelve to discuss current market conditions and your investment goals.
About Essex Three-Twelve
Essex Three-Twelve is a Chicago multifamily brokerage focused on three- to twelve-unit apartment buildings. The firm provides specialized brokerage and advisory services to property owners, owner-occupants, first-time investors, and experienced multifamily investors throughout Chicago.