CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 8253-57 Skokie Boulevard (Boulevard Place), a new construction, multi-family elevator building located in Skokie, Illinois, approximately 15 miles north of Chicago's Central Business District. The property consists of 31 residential units, 2,996 square feet of retail space, and 55 parking spaces (43 garage, 12 exterior).
Boulevard Place is situated on U.S. Route 41 (Skokie Boulevard), three miles south of the Westfield Old Orchard Mall and three blocks north of the Illinois Science & Technology Park. The property's convenient location offers easy access to the Edens Expressway (I-94) and the new CTA Oakton-Skokie Yellow Line station one block south at the corner of Oakton Street and Skokie Boulevard.
The Subject Property consists of a unit mix of (1) one bedroom/one bath, (4) one bedroom/one and a half bath, (2) one bedroom/two baths, (3) two bedrooms/two baths, (15) two bedrooms/two baths, (5) two bedrooms/two baths, (1) two bedrooms/two and a half baths and (2) Retail Units.
Matt Welke, Jason Fishleder and Doug Fisher of Essex were the brokers in the transaction. The price was approximately $5,700,000.
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.