CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 7801 S. Ashland Ave., a lender-owned, vintage, mixed-use walk-up building located in Chicago's Auburn Gresham neighborhood. The property is situated on the southeast corner of Ashland Avenue and 78th Street, conveniently located across from the Ashland & 78th Street CTA bus stop and one block north of the 79th Street CTA bus route.The property's location offers neighborhood residents easy access to the Dan Ryan Expressway (I-94) via 79th Street, as well as the shops and restaurants along the 79th Street commercial corridor.
The subject property consists of a unit mix of three (3) studios, five (5) 1 bed/1 bath, nine (9) 2 bed/1 bath residential units and one (1) commercial space.
Jim Darrow and Jordan Gottlieb of Essex represented the seller and Matt Welke and Jason Fishleder of Essex represented the buyer in the transaction. The price was approximately $192,500.
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.