CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 53 W. Burton Place, a 6-unit walk-up apartment building located in Chicago's Gold Coast neighborhood. The building consists of four (4) 1Bd/1 Ba, one (1) 2 Bd/1 Ba, and one (1) 3 Bd/1 Ba apartments, each of which underwent a full gut-rehab in early 2016.
The property is situated in one of the most affluent neighborhoods in the city, the Gold Coast. It is steps from historic Wells Street in the heart of Old Town, which features a multitude of boutique shops, entertainment venues, restaurants, and is within walking distance to Lincoln Park, Lake Michigan and the Chicago Lakeshore Trail. In addition, the building is located within close proximity to the Clark/Division and Sedgwick CTA stations (Brown, Purple, & Red lines).
The sale price was approximately $2,037,500.
Doug Fisher represented the seller and Jordan Gottlieb represented the buyer.
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.