Friday, September 18, 2015

Essex Realty Group Brokers Sale of Two Multi-Family Buildings in Chicago, IL

  
Kate Varde
CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 1261-1301 W. Argyle and 1338-1354 W. Argyle.

1261-1301 W. Argyle St. and 1338 - 1354 W. Argyle St. (Argyle Street Properties) are located in Chicago’s Uptown Neighborhood.

 The Properties consist of 60 studios, 96 one-bedrooms, one two-bedroom/two-bath, and one three-bedroom one and one-half bath units. The Properties have been professionally managed and stabilized with significant attention given to correcting inherited deferred maintenance issues.

 Evidencing this is the fact the buildings have operated at or above 95% occupancy for the past five months.

1261-1301 W. Argyle sold for $6,545,000 and 1338-1354 W. Argyle sold for $10,580,000.

Doug Imber and Kate Varde were the brokers on the transaction.

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 Fisher
Essex Realty Group, Inc.
773.305.4910

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