Essex Three-Twelve Brokers Sale of 6-Unit West Town/Ukrainian Village Multifamily Property
CHICAGO, ILLINOIS — Chicago-based multifamily brokerage firm Essex Three-Twelve, LLC announced the sale of 822 N. Hermitage Avenue, a 6-unit multifamily property in Chicago’s West Town neighborhood, for $1,750,000. The property is situated near the intersection of the West Town, Ukrainian Village, and Noble Square neighborhoods.
Transaction Summary
- Transaction Type: West Town Apartment Building Sale
- Address: 822 N. Hermitage Avenue, Chicago, Illinois
- Neighborhood: West Town / Ukrainian Village
- Property Type: Multifamily Apartment Building
- Unit Count: 6 Units
- Sale Price: $1,750,000
- Brokers: Director Garrett Leigh
Property Overview: 6-Unit Apartment Building in West Town
Essex Three-Twelve leveraged extensive knowledge of the West Town/Ukrainian Village market, supported by two comparable transactions the firm represented earlier this year.
The building was fully renovated approximately 10 years ago, including updated electrical and plumbing systems, providing a strong foundation for the new owner to execute additional improvements and further enhance the property’s value.
Less than one block from W. Chicago Avenue, 822 N. Hermitage Avenue offers convenient access to downtown Chicago and sits just west of the River North area.
Investment Opportunity for Chicago Multifamily Investors
“822 N. Hermitage Ave. was a very competitive offering,” said Garrett Leigh, Director at Essex Three-Twelve. “The buyer was looking for a long-term, cash-flowing asset on the North Side, and we were able to deliver this building as an ideal addition to his growing portfolio. The property is well-positioned to generate strong returns for years to come.”
The property offered investors a renovated multifamily asset in one of Chicago’s most active rental corridors with strong tenant demand and long-term upside potential.
West Town Multifamily Investment Market
The neighborhood features a vibrant mix of restaurants, local boutiques, and strong tenant demand.
The property is also near the CTA Blue Line Division stop, offering easy transit access throughout the city.
West Town, Ukrainian Village, and Noble Square continue to attract multifamily investors due to their proximity to downtown Chicago, walkability, and strong renter demand.
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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.