Essex Three-Twelve Closes Turnkey Roscoe Village Three-Unit for $1.25 Million
CHICAGO, ILLINOIS – Essex Three-Twelve is pleased to announce the successful sale of 3141 N. Oakley Ave., a turnkey three-unit multifamily property located in Chicago’s highly sought-after Roscoe Village neighborhood. The property sold for $1,249,900, with Essex Three-Twelve Director Mitir Patel representing the seller.
Turnkey three-unit properties are rarely available in Roscoe Village, where limited inventory and strong buyer interest continue to create a competitive environment for well-located multifamily assets. Recognizing the property’s appeal, Essex Three-Twelve implemented a targeted marketing strategy designed to generate demand while maximizing value for the seller.
Transaction Summary
Targeted Marketing Creates Demand Before MLS Launch
Essex Three-Twelve’s strategy created immediate buyer interest before 3141 N. Oakley Ave. was formally introduced to the broader MLS market. The team generated three offers and ultimately secured a full asking price offer without the property needing to go live on the MLS.
The approach allowed Essex Three-Twelve to create competition among qualified buyers while remaining focused on the seller’s primary objective: maximizing the property’s sale price.
A Rare Turnkey Three-Unit Opportunity in Roscoe Village
The turnkey condition of 3141 N. Oakley Ave. helped distinguish the property in a neighborhood where high-quality three-unit buildings rarely become available. For buyers seeking smaller multifamily investments that require minimal immediate capital improvements, properties of this quality can be particularly attractive.
The combination of condition, location, and limited competing inventory positioned the property to generate strong interest from the outset.
Seller Representation Focused on Maximizing Value
“Our goal from the beginning was to maximize the seller’s sale price while strategically exposing the property to the right buyers,” said Mitir Patel, Director at Essex Three-Twelve. “Turnkey three-unit buildings in Roscoe Village don’t become available often, and we knew there would be strong demand. By creating competition before going to the MLS, we were able to achieve a full-price offer and deliver the outcome our client was looking for.”
The transaction demonstrates how a tailored marketing strategy can help sellers create meaningful competition without relying solely on broad market exposure. By identifying the property’s strongest selling points and positioning it directly in front of active buyers, Essex Three-Twelve was able to generate multiple offers and execute a successful sale at full asking price.
Buyer Demand for Roscoe Village Multifamily Properties
Roscoe Village remains one of Chicago’s most desirable North Side residential neighborhoods, offering tree-lined streets, neighborhood restaurants and retail, convenient transportation options, and proximity to many of the city’s popular North Side destinations.
Limited multifamily inventory adds to the appeal of well-positioned investment properties in the neighborhood. The sale of 3141 N. Oakley Ave. reflects continued buyer interest in high-quality, smaller multifamily assets in established Chicago neighborhoods.
Work With Essex Three-Twelve
The successful sale of 3141 N. Oakley Ave. demonstrates Essex Three-Twelve’s ability to create targeted demand for Chicago multifamily properties and develop marketing strategies around each seller’s specific goals.
If you own a three- to twelve-unit apartment building in Chicago and are considering a sale, Essex Three-Twelve can help you understand your property’s current market value, evaluate buyer demand, and develop a strategy designed to maximize your outcome.
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 specifically to Chicago’s small multifamily market.