CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 1331 W. Loyola, a 46-unit apartment complex located in Chicago, Illinois. The building is situated one block west of Loyola University and benefits from a consistent flow of students seeking unaffiliated off-campus rental housing. In addition, the property is within walking distance of the CTA Red Line (Loyola station) at the intersection of Sheridan Road and Loyola Avenue, as well as several CTA bus stops along Sheridan Road and Devon Avenue. The property contains a mix of well-maintained studios, junior one-bedroom and one-bedroom apartments with updated bathrooms and kitchens and hardwood floors throughout. Recent capital improvements include new windows, electrical service and exterior porches. The property also benefits from a reduced property tax bill through Cook County’s Class 9 tax designation. Doug Fisher and Jason Fishleder represented the seller and Doug Fisher represented the buyer in the transaction. The sale price was approximately $3,575,000.
Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area.
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