Essex Three-Twelve Closes Three Properties in Northside Chicago
Chicago Multifamily Transaction Overview
CHICAGO, ILLINOIS– Chicago-based multifamily brokerage firm Essex Three-Twelve, LLC, announced the sale of three properties located in the North Side of Chicago at 1118 N. Oakley Blvd., 6509 W. Higgins Ave., and 1836 N. Central Park Ave.
North Side Property Highlights
1118 N. Oakley Blvd. | Ukrainian Village
In Ukrainian Village, 1118 N. Oakley Blvd. is a fully renovated six-unit property, offering a turnkey investment with modern finishes, tenant-paid HVAC, and strong transit and retail access. The unit mix includes five 2Bd/1Ba units and one 3Bd/2Ba duplex, with a value-add option to duplex the rear first-floor unit. Additionally considering its appealing parking space and rooftop deck, the property is well positioned for maximizing future rents. After extensive tours and offers were received, the property sold for $1.88M, 94% of the list price.
6509 W. Higgins Ave. | Norwood Park
West of the previous property, 6509 W. Higgins offers a rare land opportunity on a highly visible, heavily traveled corridor in Norwood Park. The site features flexible RT-4 zoning and a generous lot size, with potential for conversion to a new single-family home, multi-unit development, mixed-use concept, or professional office.
1836 N. Central Park Ave. | Logan Square
In the highly sought-after Logan Square neighborhood, 1836 N. Central Park Ave. presents a rare value-add opportunity. Built in 1889, this 5-unit property features a main house and coach house, collectively offering a unit mix of two 2 Bed/1 Bath, one 3 Bed/1 Bath, and one 3 Bed/2 Bath units. The combination of recent updates and potential renovations makes this property a strategic addition to one’s real estate portfolio.
Essex Three Twelve’s Role in the Transaction
“These closings demonstrate the continuous momentum we’re building for Essex Three-Twelve. In the coming year, we look forward to more exciting opportunities for growth”, said Essex Three-Twelve Managing Broker Niko Apostal.
Essex Three-Twelve continues to serve as a trusted advisor to property owners and private investors throughout Chicago, providing a collaborative, data-driven approach to investment sales.
Thank you, to RE Journals and Multifamily Biz for the features!