CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 2020 N. Spaulding Avenue, a center entrance 8-unit apartment building located in Chicago's Logan Square Neighborhood. The property is currently comprised of six large 3 bed/1 bath units and two 2 bed/1 bath garden units. The property is situated on an extra-large lot on the west side of North Spaulding Avenue and just north of Armitage.
Essex generated multiple offers and placed the property under contract within 2 weeks of marketing.
The property presented an excellent value-add opportunity in an extremely sought after neighborhood. The new owner plans to completely renovate the building.
Jim Darrow and Jordan Gottlieb were the brokers on the transaction. The sale price was approximately $1,110,000.
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.