Chicago-based multifamily brokerage firm, Essex Realty Group, successfully closed the sale of a two-building portfolio in the Auburn Gresham neighborhood on Chicago’s South Side. The portfolio consisted of 26 units spread across two buildings located at 8301 S. Paulina St. and 1469 W. 83rd St.
Each building featured a mix of two- and three-bedroom units and was substantially occupied at the time of sale. Leading this transaction were Essex Managing Directors Robert Berman and Michael Anguiano, along with Associates Daniel Shabsin, Jeremy DeMarco, and Joe Kahlhammer who represented the private seller.
The properties were sold for a combined total of $1.7 million after receiving multiple competitive offers from interested buyers due to strong demand for multifamily properties in this area according to Robert Berman.
This successful deal adds to Essex’s growing list of transactions in Chicago’s Auburn Gresham neighborhood as they recently closed another deal involving two multifamily properties in the same area.
