Multifamily N Illinois

Essex Realty Group brokers $1.3M sale of nine-unit multifamily property in West Ridge

Essex Realty Group brokers 1.3M sale of nine-unit multifamily property in W,ph01

Essex Realty Group, Inc. facilitated the sale of 6442-44 N. Bell Avenue in Chicago’s West Ridge neighborhood. The sale price was $1,350,000.

The recently renovated, nine-unit, walk-up apartment building consists of six large two-bed/one-bath and three two-bed/one-bath + den units with massive separate dining rooms and gorgeous bay windows that allow for tons of natural light. The building had been completely renovated in 2016/2017 and each unit features hardwood floors throughout, granite countertops, stainless steel appliances, espresso cabinetry, ceiling fans and individual in-unit HVAC systems.

Essex Realty Group, Inc. was exclusively engaged to market the property for sale. Within one month of marketing the property, Essex successfully generated nine showings and multiple written offers. The property closed within two months of the effective date of the initial contract agreement. Matt Feo was the sole broker in this transaction, representing both the seller and the buyer, private local investors.