Essex Three-Twelve Director Garrett Leigh Closes $1.13M Sale in Bucktown
Chicago Multifamily Transaction Overview
CHICAGO, ILLINOIS– Chicago-based multifamily brokerage firm Essex Three-Twelve, LLC., announced the sale of 1720 N. Ashland Ave. a 2-unit multifamily property located in Chicago’s Bucktown neighborhood.
Property: 1720 N. Ashland Ave
Unit Mix and Features
The property is comprised of two duplex units, each offering over 2,400 SF of interior space. The first-floor duplex features a 3 bed / 3 bath unit and the top floor duplex is a 3 bed / 2 bath. Both units feature unique amenities including a shared roof top deck, fireplace in each unit, rear entry two-car garage, and large bedrooms and bathrooms.
The transaction was facilitated by Director Garrett Leigh, who represented the seller. Throughout the marketing phase, 1720 N. Ashland Ave. generated strong interest, hosting multiple tours and attracting several competitive offers. Ultimately, the property garnered multiple offers and sold at $1,135,000.
“New ownership plans to live in and renovate the building just as the current seller did thirty years ago. It’s exciting to see a new generation continue that legacy,” said Garrett Leigh, Director at Essex Three-Twelve, LLC.
Prime Location in West Town
The property neighbors Walsh Park, a 2.2-acre park containing an athletic field, basketball hoops, a playground, and a dog friendly area. The neighborhood also offers boutique shopping on Damen Ave within easy walking distance of the nightlife and bars along Milwaukee and North Avenues.
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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.