Essex Realty Completes $9M Multifamily Sale Near Loyola University
Essex Realty Group arranged the $9.3 million sale of a 40-unit apartment building located at 6565-6589 N. Lakewood Avenue, in the Loyola University pocket of Rogers Park.
The transaction was led by Essex Principal Steven Livaditis and Managing Director Matt Feo, who represented the seller, while Essex Managing Director Rick Ofman represented the buyer. “This sale perfectly demonstrated how the right brokerage team and a strategic marketing approach can transform an overlooked property into a swift, competitive transaction,” said Feo and Livaditis.
This 40-unit classic courtyard apartment building features a mix of one, two, and three-bedroom units with open floor plans and living areas. Additionally, there is a lower-level studio unit. Renovated in 2019, the apartments offer modernized kitchens and bathrooms, a combination of hardwood and luxury vinyl flooring, and classic fixtures throughout. The property is positioned one block from the Loyola Red Line station, a five-minute walk to Loyola University’s Lake Shore Campus, and Lake Michigan’s lakefront and beaches.
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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