CHICAGO, IL - Essex Realty Group, Inc., a leading mid-market brokerage firm based in Chicago, announces the sale of 3507 N. Wilton Avenue, an 8 unit multi-family property located just one block from Chicago’s historic Wrigley Field.
“Wrigley Field has always been a prime attraction on Chicago’s Northside, but now with the renovations of the ballpark, the addition of Hotel Zachary, an open air plaza, plus new restaurants and retailers from around the city, the whole neighborhood has taken a giant leap forward and is on the radar of Chicagoans and tourists as a must see destination,” said Jim Darrow, Essex Realty Group principal and one of the brokers representing the seller.
The purchase price was $3,775,000 which equates to $471,875 per unit. Darrow notes this is the highest price per unit for a multi-family property in Wrigleyville in the last two years according to Co-Star comps.
3507 North Wilton Avenue is situated on a double lot (50 x 125 FT) and includes 8 parking spaces in the rear. Renovated in 2013, the property features beautiful spacious apartment units with high end finishes, washer/dryer in-unit and hardwood floors. The property is located one block from the Addison Red Line CTA Station and a 15 minute walk from Chicago’s beautiful lakefront.
Jim Darrow, Jordan Gottlieb and Jordan Multack represented the seller, a local developer and repeat client, and Doug Imber, Kate Varde and Clay Maxfield represented the buyer on the transaction.
Founded in 1990 Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area. For more information visit www.essexrealtygroup.com