Multifamily N Illinois

Essex Realty sells pair of apartment buildings in Chicago market

Essex Realty Group, Inc. recently closed the sale of 1942-1948 17th Ave. in Melrose Park, Illinois.

1942-1948 N. 17th Avenue are two 12-unit apartment buildings located in the Chicago suburb of Melrose Park. The buildings are comprised of 24 one-bed, one-bath units, and are situated on a 0.40-acre lot. The property is located just 1.5 miles from the Melrose Park Metra Station.

Located 13 miles west of downtown Chicago, the Village of Melrose Park encompasses 4.25 square miles.

The sale price was approximately $1.15 million.

Brian Kochendorfer, Brian Karmowski and Troy Beebe represented the seller, and Abe Eilian and Doug Fisher represented the buyer in the transaction.