CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 1027 W. Touhy, a 26-unit mixed-use walk-up building located in Park Ridge, Illinois. The property is situated on the southeast corner of Touhy and Chester Avenues, in close proximity to the Tri-State Tollway, I-90 and I-94.
In addition, the building is within walking distance of the Park Ridge Metra train station. The subject property consist of 26 units with a unit mix of two 1 bedroom/1 bath Garden apartments and twenty-one 1 bedroom/1 bath apartments and 3 Retail units.
Matt Welke, Jason Fishleder and Doug Fisher of Essex were the brokers in the transaction. The price was approximately $1,950,000
Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area. Since its founding in 1990, Essex has cared a unique niche, focusing exclusively on the brokerage of investment properties valued between $1 million and $30 million, with a strong emphasis in multi-family, retail and shopping center sales.
Our specialization enables us to track and interpret market data quickly, thoroughly and accurately. Utilizing this information, we are able to provide our clients with guidance on property valuations and effective marketing strategies. Our goal is to maximize both property selling prices and buying opportunities, yielding an unmatched rate of customer satisfaction. This success is evidenced by the fact that nearly half of our business is with repeat clients, including many of Chicago's top real estate investors.