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| Crescent Apartments, 1205 North Frolic Waukegan, IL |
CHICAGO, IL – Thursday, March 14, 2013- Essex Realty Group,
Inc. is pleased to announce the sale of 1205 N. Frolic also known as Crescent
Apartments.
The property
consists of two, twenty-four unit apartment buildings as well as one, sixteen
unit apartment building on an approximate 2.23 acre site.
The three building, sixty-four unit complex was constructed
by the current owners in 1990. Each
three-story building features exceptionally large apartments, passenger
elevators, and a heated underground parking garage that offers one parking
space per unit; additionally, the property includes sixty-four outdoor parking
spaces.
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| Kate Varde |
Crescent Apartments is located in Chicago’s north suburb of
Waukegan. Situated roughly two miles
east of Skokie Highway (Route 41) and three miles west of Lake Michigan,
Crescent Apartments offers residents easy access to nearby communities.
The Subject Property consists of a unit mix of (32) one
bedroom/one bath, (32) two bedrooms/two baths, (64) Underground parking spaces
and (64) Outdoor Spaces.
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| Douglas Imber |
Doug Imber
and Kate Varde of Essex were the brokers in the transaction. The price was approximately $3,470,000.
Essex Realty Group,
Inc. specializes in the sale of investment real estate throughout the Chicago
metropolitan area.
For a complete copy
of the company’s news release, please contact:
Douglas S. Imber
Essex Realty Group, Inc.
773.305.4902
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