Essex Realty Completes Sale of Bucktown Multifamily
Essex Realty Group arranged the sale of 2163 North Bell Avenue, an eight-unit multifamily property located in Chicago’s Bucktown neighborhood. The recently renovated asset sold for $2.56 million.
The transaction was facilitated by Principals Jim Darrow and Jordan Gottlieb, and Director Brian Keegan.
The property is comprised of a six-flat front featuring four one-bedroom, one-bathroom apartments and two two-bedroom, one-and-a-half-bathroom duplex units. At the rear of the property, a coach house includes a two-bedroom two-bathroom apartment and a three-bedroom three-bathroom duplex.
The property offers close proximity to public transportation, major roadways, and a variety of surrounding neighborhood amenities. “This deal presented a great opportunity to place a truly unique Bucktown asset with an owner who understands both the long-term fundamentals of the neighborhood and the scarcity of boutique multifamily properties with this kind of site layout and unit mix,” said Keegan.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout