CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of the Mod (1222 W. Madison St.) a new construction, mixed-use property located in Chicago's desirable West Loop neighborhood. Originally constructed for condominiums, the building consists of 58 residential units, 4,707 square feet of street retail space and 58 parking spaces (56 garage. 2 exterior).
The Mod is situated within walking distance of Randolph Street's vibrant restaurant/commercial corridor, Greektown and the United Center. The property's convenient location offers easy access to Chicago's Central Business District, the Kennedy Expressway (I-90/94) and Eisenhower Expressway (I-290), and is within walking distance of the Racine Blue Line station and Morgan-Lake Green/Pink Line station.
Doug Imber, Doug Fisher and Jason Fishleder of Essex were the brokers in the transaction. The price was approximately $20,125,000.
Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area. Since its founding in 1990, Essex has carved 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.