CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of Garfield Plaza Apartments at 4114 W. Washington. The building is a 63 unit Fully Renovated Apartment Building in the Garfield Park area of Chicago. Garfield Plaza is ideally located on beautiful Washington Blvd. just two blocks from the famed Garfield Conservatory and CTA Green Line.
Garfield Plaza has undergone a near full renovation over the past few years and is approximately 90% complete at this time. The Unit mix consists of 50 Studios and 4 One Bedrooms.
Jim Darrow and Jordan Gottlieb of Essex were the brokers in the transaction. The price was approximately $650,000.
Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area. Since its founding in 1990, Essex has carved a unique niche, focusing exclusively on the brokerage of investment properties valued between $1 million and $30 million, with a strong emphasis in multi-family, retail and shopping center sales.
Our specialization enables us to track and interpret market data quickly, thoroughly and accurately. Utilizing this information, we are able to provide our clients with guidance on property valuations and effective marketing strategies. Our goal is to maximize both property selling prices and buying opportunities, yielding an unmatched rate of customer satisfaction. This success is evidenced by the fact that nearly half of our business is with repeat clients, including many of Chicago's top real estate investors.