Thursday, March 14, 2013

Essex Realty Group Brokers the Sale Of 3 Apartment Buildings in Chicago, IL


  
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.

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.

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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