CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 1022 W. Catalpa Ave. a 52-unit, modern construction, four-plus-one style apartment building located in the Edgewater neighborhood of Chicago. The property is situated on the northeast corner of Kenmore and Catalpa Avenues, just one block west of Lake Michigan. Public transportation is accessible via the Bryn Mawr Red Line station just two blocks from the property.
The Subject Property consists of a unit mix of (24) studios, and (28) one bedroom/one bath units.
Doug Imber and Kate Varde were the brokers in the transaction. The price was approximately $4,500,000.
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 selling prices and buying opportunities, yielding an unmatched rate of customer satisfaction. This success is evidenced by the fact that nearly half our business is with repeat clients, including many of Chicago's top real estate investors.