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.
The NRP Group Breaks Ground on 288-Unit Desert Sky Affordable Housing Community in Fastest-Growing West Phoenix Metro Market
Advanced Real Estate Expands Southern California Multifamily Portfolio with Acquisition of Newhope Village Apartments in Santa Ana
Sherman Residential Acquires 909 Flats Luxury Apartment Community Located in Nashville’s Sought-After Germantown Neighborhood
Stonepeak in Partnership with Cardinal Group Acquires Purpose-Built Student Housing Portfolio Totaling Approximately 2,300-Beds
The latest multifamily industry news delivered to your inbox
PHOENIX, AZ - The NRP Group, a vertically integrated, best-in-class developer, builder and manager...
IRVINE, CA - Advanced Real Estate has acquired the Newhope Village apartments, adding to its more...
NASHVILLE, TN - Sherman Residential acquired 909 Flats, a Class A multifamily property in...
NEW YORK, NY - Stonepeak, a leading alternative investment firm specializing in infrastructure and...
KANSAS CITY, KS - Thompson Thrift, a full-service real estate company and one of the nation's...
MEDFORD, MA - Mill Creek Residential, a leading developer, owner-operator and investment manager...
SEATTLE, WA - GT Capital and Freestone Capital Management announced the acquisition of Lock Vista...
TAMPA, FL - Carter, a leading Atlanta-based real estate development company, announced its role as...
The latest multifamily industry news delivered to your inbox.