Mixed-Use Lincoln Square Apartment Building Sells for $11M
Essex Realty Group has completed the sale of 2407 W. Eastwood Avenue, a mixed-use property located in the heart of Chicago’s Lincoln Square neighborhood.
Essex Principals Jim Darrow and Jordan Gottlieb, who represented the seller, facilitated the transaction. Designed and completed in 2017, the building features luxury finishes throughout the ground-floor retail space and all 40 residential units. The unit mix consists of studio and one-bedroom apartments. Located at the southwest corner of Eastwood and Western Avenues, the property is half a block from Lincoln Square’s retail shops and dining options.
“The location, just steps from the heart of Lincoln Square and directly across from the new Brown Line CTA ‘L’ station, was extremely attractive to the out-of-state buyer,” said Darrow. “It combines the modern conveniences of a new construction building with unbeatable neighborhood charm, making it a rare find in one of Chicago’s most desirable neighborhoods.”
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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