CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 1200-1224 71st St., Downers Grove, a 32-unit apartment complex located in the upscale Chicagoland suburb of Downers Grove.
The property is comprised of four (4) two-story buildings situated on a 4.33 acre lot that includes 28 garages plus 49 surface parking spaces. All units are 2Bd/2Ba and measure approximately 1,200 SF. The property is located 3.2 miles from the Downers Grove Metra Station.
The sale price was approximately $5,255,000.
Doug Imber and Brian Kochendorfer were the brokers on the transaction.
Since its founding in 1990, Essex has grown to become the Chicago area’s premier investment real estate brokerage company. Our expertise, integrity, and consultancy approach has resulted in our achieving the leading market share and earning the confidence of Chicago’s most prominent real estate investors. If you are seeking to buy or sell multi-family, mixed-use, retail, or other investment real estate, or simply require market information, we are committed to providing you with the highest level of service possible.