Essex Three-Twelve Director Garrett Leigh Executes Sale in Northwest Housing Preservation Ordinance
CHICAGO, ILLINOIS — Chicago-based multifamily brokerage firm Essex Three-Twelve, LLC announced the sale of 2421 N. Washtenaw Avenue, a multifamily property featuring a 2-unit building with a non-conforming garden unit located in Chicago’s Logan Square neighborhood.
Transaction Summary
- Transaction Type: Logan Square Apartment Building Sale
- Address: 2421 N. Washtenaw Avenue, Chicago
- Neighborhood: Logan Square
- Property Type: Multifamily Apartment Building
- Unit Count: 2 Units + Garden Unit
- Sale Price: $925,862
- Broker: Director Garrett Leigh
Property Overview: 2-Unit Apartment Building in Logan Square
The building consists of two three-bedroom, one-bathroom units along with a non-conforming garden studio, previously utilized as a short-term rental. The unit mix is well suited for an owner-occupant, particularly with one unit operating on a month-to-month lease.
The property also features a small rear yard, two parking spaces off the alley, central air conditioning, and common area laundry in the basement, providing both functionality and additional tenant appeal.
Investment Highlights for Chicago Multifamily Buyers
2421 N. Washtenaw Avenue presents a strong opportunity for both investors and owner-occupants seeking a well-located asset in Logan Square. The ability to occupy one unit while generating rental income from the others makes the property especially attractive in today’s competitive 2–4 unit market.
During the marketing process, the property generated significant interest, hosting multiple tours and ultimately receiving several competitive offers, resulting in a sale above list price.
Broker Representation in the Logan Square Apartment Building Sale
The transaction was facilitated by Director Garrett Leigh, who represented the seller throughout the transaction.
“The market remains incredibly competitive for 2–4 unit properties with owner-occupant potential. We received multiple offers above list and were able to provide a quick and efficient execution for the seller, including navigating recent changes under the Northwest Housing Preservation Ordinance,” said Garrett Leigh.
Logan Square Multifamily Investment Market
Located in Logan Square, the property benefits from proximity to Milwaukee Avenue, Logan Boulevard, and Fullerton Avenue, offering access to a vibrant mix of retail, dining, and neighborhood amenities.
Directly across from Haas Park, residents have access to a 1.7-acre recreational space featuring a field house, gym, and sports facilities. The neighborhood continues to attract strong renter demand due to its walkability, transit accessibility via the CTA Blue Line, and its blend of historic character and modern urban appeal.
With continued demand for 2–4 unit buildings and limited inventory, Logan Square remains one of Chicago’s most desirable neighborhoods for both owner-occupants and multifamily investors.
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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.