Essex Realty Group, Inc., a multifamily brokerage firm based in Chicago, has successfully completed the sale of three multifamily properties on the city’s South Side. The Berman-Anguiano Team at Essex, led by Robert Berman and including Michael Anguiano, Daniel Shabsin, Jeremy DeMarco and Joe Kahlhammer as members, exclusively represented the private sellers of these buildings. The transactions involved 37 units in total: 7957 S. Ellis Avenue (15 units), 7430 S. Vernon Avenue (12 units), and 7846 S. Exchange Avenue (10 units).
Local buyers acquired both 7957 S.Ellis Ave.and7430S.VernonAve., while an out-of-state investor purchased7846S.ExchangeAve.”Withmortgageratesdecreasing,weseenagrowingdemandfortheseSouthSideproperties,”explainedRobertBerman,theManagingDirectorofEssexRealtyGroup.
In summary:
– Chicago-based Essex Realty Group has closed on three multifamily properties totaling to37units located on the South Side.
– These sales were brokered by Essex’s Berman-Anguiano Team consisting of Robert Berman,MichaelAnguiano,DanielShabsin,
Jeremy DeMarco,andJoeKahlhammer.
– The team exclusively represented three private sellers for these buildings:7957S.EllisAvenue(15units),
7430S.VernonAvenue(12units),and
7846S.ExchangeAvenue(10units).
– Two properties were sold to local groups while one was bought by an out-of-state investor due to increased demand for South Side assets with decreasing mortgage rates.
Overall,EseexRealtyGrouphasachievedsuccessintheclosureofthesethreeapartmentbuildingsonthesouthsideofChicago.ThiswasfacilitatedbytheeffortsoftheirBerman-AnguianoTeamandtheincreaseddemandforthesepropertiesduetothedecreasingmortgagerates.
