CHICAGO, IL – Essex Realty Group, Inc. is pleased to announce the sale of 3507-11 N.Elston Avenue, a new construction apartment property located in Chicago’s Avondale neighborhood. The building was completed in 2015 and consists of 12 units within three (3) contiguous walk-up buildings, and contains a desirable unit mix of two-bedroom and three-bedroom apartments with high-end finishes as well as 12 exterior parking spaces.
The property is situated on the east side of Elston Avenue just south of Addison Street, the property is well-positioned among several transit options including the bus lines along Addison and Kimball Avenues and the CTA Belmont station (Blue Line). In addition, the property is less than one mile from the Kennedy Expressway (I-90/94).
Shopping and dining opportunities are also conveniently located two (2) blocks west of the property at the Addison Mall, and several larger retail stores are situated in the shopping center across Elston Ave.
The sale price was approximately $3,200,000
Matt Welke of Essex Realty Group was the broker on the transaction.
Since its founding in 1990, Essex has grown to become the Chicago area’s premier investment real estate brokerage company. Our expertise, integrity, and consultancy approach has resulted in our achieving the leading market share and earning the confidence of Chicago’s most prominent real estate investors. If you are seeking to buy or sell multi-family, mixed-use, retail, or other investment real estate, or simply require market information, we are committed to providing you with the highest level of service possible.