Essex Realty Group, Inc., a Chicago-based multifamily brokerage firm, recently finalized the sale of a 15-unit apartment building in Albany Park on the Northwest side of Chicago. The brokers responsible for this successful transaction were Doug Imber, Kate Varde and Rick Ofman.
The property, located at 4855 N. Sawyer Avenue and Ainslie Street in Albany Park, was sold for its original listing price of $1.8 million after receiving significant interest from potential buyers during the two-day tour period conducted by Essex Realty Group. According to Ofman’s reflection on the sale process, this outcome showcases both the robustness and efficiency of today’s North Side multifamily market.
Originally built in 1918,the building boasts three one-bedroom units,nine two-bedroom units,and three three-bedroom units.The prime location within Albany Park also offers close proximity to East Albany Park and Lincoln Square neighborhoods.
This recent achievement by Essex serves as a testament to their expertise in navigating competitive real estate markets like that found on Chicago’s North Side.
