CHICAGO, IL - Essex Realty Group, Inc. announces the sale of 2134-2136 W. Arthur Ave./6510 North Hamilton Avenue, a 16-unit corner apartment building located in Chicago's West Ridge neighborhood. The building, which contains all large bedrooms and large separate dining rooms, has a current unit mix that consists of nine (9) large 1 Bd/1 Ba, three (3) large 2 Bd/1 Ba, three (3) large 2 Bd/1Ba+Den, and one (1) large legal English garden 1 Bd/1 Ba units. The property has been owned by the same family for more than 25 years and has received many capital improvements over those years.
The building is situated on the northwest corner of Arthur and Hamilton Avenues in West Ridge, steps from Devon Avenue, and within walking distance of a multitude of boutique shops and restaurants. Devon Avenue is widely known throughout the city for having some of the best ethnic restaurants.
Essex Realty Group, Inc. was engaged to exclusively market the property for sale and was successful in generating 18 showings and five competitive offers in the process. Abe Eilian and Doug Fisher of Essex Realty Group represented the seller and Essex Realty Group's Matt Feo represented the ultimate purchaser on the transaction.
The property sold for $2,151,000 which was within two percent of the list price.
Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area.