CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of a 110-unit portfolio is comprised of 3 buildings in the southwest suburbs of Oak Lawn and Worth, Illinois located at 10409-35 S. Menard, Oak Lawn, 10300-20 S. Parkside, Oak Lawn, and 6615-19 W. Lloyd Dr., Worth, IL.
The buildings were converted to condos in the mid-2000s. The unit mix for the buildings include (49) one bed, one bath units, (39) two bed, one bath units, (20) two bed, two bath duplex units, and (2) three bed, two bath units. The purchaser has plans to acquire the remaining 16 units.
The portfolio sale price was approximately $7,450,000.
Brian Kochendorfer and Matt Welke represented the seller in the transaction. Doug Imber and Kate Varde represented the buyer in 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.