CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 525 Kedzie Street Evanston, Illinois. The building is a new construction, 20-unit, mixed-use apartment building originally built as upscale condominiums. The property is situated at the intersection of Kedzie Street and Chicago Avenue and is conveniently located steps to the Main Street Metra Rail Station and Purple Line "L" Stop.
The building features top-of -the-line finishes including chef's kitchen, floor-to-ceiling windows, elevator, private balconies, penthouse units with terraces, and 42 indoor heated garage parking spaces. The commercial space is leased to Budget and Avis Car & Truck Rental.
Jim Darrow and Jordan Gottlieb of Essex were the brokers in the transaction. The price was approximately $7,250,000.
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.