Essex Three-Twelve Closes Irving Park Four-Unit Multifamily Property for $1.15 Million
Essex Three-Twelve, LLC, a Chicago-based multifamily investment sales brokerage, announced the successful sale of 3816-18 W. Irving Park Rd., a four-unit multifamily property in Chicago’s Irving Park neighborhood. The property closed for $1,150,000, with Essex Three-Twelve Director Mitir Patel representing the seller and Associate Broker Quinn Evans representing the buyer.
The property was marketed exclusively off-market, with Essex Three-Twelve conducting 14 private showings before securing a buyer at the full asking price with no concessions. The transaction highlights the firm’s ability to leverage its network of qualified investors and targeted marketing strategies to facilitate successful transactions without publicly listing a property.
Irving Park Multifamily Sale: Transaction Overview
Off-Market Marketing Strategy Delivers Full Asking Price
Rather than publicly listing the property, Essex Three-Twelve implemented a targeted off-market marketing strategy, leveraging its network of qualified multifamily investors. Following 14 private showings, the team secured a buyer at the full asking price without concessions.
“This transaction is a great example of how an effective off-market strategy can deliver strong results for sellers,” said Mitir Patel. “Through targeted outreach and 14 private showings, we were able to generate interest, connect with the right buyer. And ultimately close at full asking price without concessions.”
The transaction demonstrates how strategic marketing, established investor relationships, and collaboration between brokers can help property owners achieve their sales objectives while connecting buyers with opportunities outside the traditional listing market.
Four-Unit Investment Property in Chicago’s Irving Park Neighborhood
Located along Irving Park Road, the four-unit property benefits from its position in an established Northwest Side neighborhood with convenient access to public transportation, neighborhood retail, dining, and major transportation corridors.
The building’s renovated condition and existing rental income positioned it as an attractive investment opportunity within Chicago’s smaller multifamily market.
Essex Three-Twelve Represents Both Sides of the Transaction
Director Mitir Patel represented the seller, while Associate Broker Quinn Evans represented the buyer.
Through a coordinated effort, the brokers successfully connected the seller with a qualified buyer, resulting in a full-price closing without concessions. The transaction reinforces the value of local market expertise, targeted off-market exposure, and strong broker relationships in Chicago multifamily investment sales.
Work With Essex Three-Twelve
Whether you’re considering selling a multifamily property or exploring investment opportunities in Chicago, Essex Three-Twelve provides tailored guidance on property valuation, strategic marketing, acquisitions, and dispositions.
Connect with our team to discuss your investment goals and learn how our experience in Chicago’s three- to twelve-unit multifamily market can help inform your next move.
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.