Essex Three-Twelve Executes Successful Sale of Logan Square Multifamily Building
CHICAGO, ILLINOIS — Chicago-based multifamily brokerage firm Essex Three-Twelve, LLC announced the sale of a Logan Square multifamily building located at 3501 W. Palmer St., a legal four-unit property within one of the neighborhood’s most active investment corridors. The transaction was facilitated by Essex Three-Twelve Director Garrett Leigh and Associate Quinn Evans.
Property Overview
Located just west of Palmer Square and Kedzie Boulevard, the Logan Square multifamily building is comprised of a large studio, two two-bedroom / one-bathroom units, and one four-bedroom / one-bathroom unit. All residences offer access to common area laundry, while recent exterior improvements include newer vinyl windows and a recently completed tear-off roof.
Neighborhood Context: Logan Square
Logan Square continues to attract young professionals, families, and creatives due to its tree-lined streets, convenient access to downtown Chicago, and vibrant nightlife. Nearby amenities include the 606 elevated park and trail system, a popular destination for outdoor recreation and community events.
Transaction Details
Throughout the marketing phase, Director Garrett Leigh and Associate Quinn Evans conducted multiple property tours, generating strong buyer interest. The Logan Square multifamily building received eight offers and ultimately sold for $763,000.
“Essex Three-Twelve ran a competitive process for 3501 W. Palmer Street, delivering an all-cash buyer and smooth execution for our client,” said Garrett Leigh, Director at Essex Three-Twelve, LLC. “We look forward to seeing the new investment this buyer brings to this corner of Logan Square.”
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.