CHICAGO, IL - Chicago-based multifamily brokerage firm Essex Realty Group, Inc. recently facilitated the sale of 6720 S. Jeffery Boulevard, an 81-unit apartment building located in the South Side’s Jackson Park Highlands neighborhood.
Essex director Brian Mond was hired by the sellers to exclusively market the property for sale. Essex led an extensive marketing campaign resulting in seven offers to purchase the property. The property sold to an out-of-state investor for $5,550,000, which equates to $68,518 per unit.
“Investors were drawn to this listing due to the unit count, ideal location, and value-add opportunity,” explained Mond.
6720 S. Jeffery Boulevard is located on the west side of Jeffery Boulevard, just steps away from Jackson Park, a 550-acre park located along the shores of Lake Michigan which dates back to 1871. Amenities include a fitness center and laundry facility.
This is the second time Mond has been involved in the sale of 6720 S. Jeffery Boulevard. In 2016, he helped the sellers purchase the property for $3,150,000.