CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 4875 N. Magnolia, a 75-Unit building located in Chicago's Uptown neighborhood. The property is located two blocks away from the corner of Broadway and Lawrence avenue, offering easy access to shops, restaurants and other attractions in the heart of Uptown. The property is a vintage corridor building with studio, one-bedroom and two-bedroom units. Additionally, there are three 3-bedroom penthouse units on the top floor.
Matt Welke and Doug Fisher of Essex were the brokers in the transaction.
The price was approximately $2,250,000.
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 he 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 our business is with repeat clients, including many of Chicago's top real estate investors.