Essex Three-Twelve Brokers Sale of 5-Unit Apartment Building in Little Village
CHICAGO, ILLINOIS– Chicago-based multifamily brokerage firm Essex Three-Twelve, LLC. announced the sale of a 5-unit apartment building at 2237 S. Drake Ave. located in the heart of Chicago’s culturally diverse Little Village neighborhood.
Situated on a large double lot, with an expansive shared front yard, the building consists of five spacious 2-bedroom/1-bathroom units all equipped with individual furnaces and access to the building’s shared coin laundry.
Little Village, or La Villita, is a culturally vibrant neighborhood west of Pilsen in Chicago’s West Side. Renowned for its Mexican-American culture, it features a diverse mix of families, creative professionals, and small business owners. With its rich history and lively atmosphere, Little Village is a unique and integral part of Chicago’s cultural landscape.
The transaction was facilitated with Essex Three-Twelve Associates Chris Van Dinther and Michael Masterson representing the seller, and Van Dinther also representing the buyer. Van Dinther remarked, “2237 Drake is a unique building in the vastly growing neighborhood of Little Village. While the previous ownership had taken great care of the property, Drake offered an excellent value-add opportunity for the new owner. Congratulations to both the buyer and seller on a successful transaction.”
Throughout the marketing phase, 2237 S. Drake Ave. hosted several tours, attracting significant interest from prospective buyers. Ultimately, the property garnered multiple offers and eventually sold for $450,000.