Essex Realty Group, a leading Chicago based multifamily brokerage firm, is pleased to announce the closing of two multifamily properties located in Chicago’s South Side Auburn Gresham neighborhood. Both properties, located at 1401 W 80th and 7955 S Paulina, were sold to a private local investor for $1.6 million.
The local seller selected the Berman Anguiano team of Robert Berman, Michael Anguiano, Daniel Shabsin, Jeremy DeMarco, and Joe Kahlhammer to represent them in the transaction.
Both buildings were fully occupied at the time of the sale. The Essex team procured multiple competitive offers for the properties after running a targeted marketing campaign and facilitating over a dozen property tours.
1401 W 80th was built in 1924 and features two studios and eleven two-bedroom units. The property is not pet-friendly. 7955 S Paulina was built in 1923 featured two one-bedroom units, ten two-bedroom units, and three three-bedroom units. The property is pet-friendly to cats only.
Located on the far south side of Chicago just 11 miles from downtown, Auburn Gresham is a quaint urban area with an abundance of affordable apartments, condos, and townhomes for rent. Historic brick buildings, tree-lined streets, and local businesses define this small town.
Essex Realty Group is a leading mid-market multifamily brokerage firm based in Chicago. Since its founding in 1990, Essex has carved a unique niche, focusing exclusively on the brokerage of investment properties valued between $1 million and $30 million, with a strong emphasis in multi-family apartment buildings, retail and shopping center sales. Essex real estate brokers average ten years of real estate experience and come from a variety of real estate backgrounds including law, accounting, finance, appraisal, and property management. This breadth of knowledge and experience benefits our clients by providing the necessary tools to anticipate and solve problems, thereby increasing the likelihood of a successful transaction. The foundation of Essex’ success is the depth of our specific multi-family market knowledge. Essex has methodically developed and maintained a thorough database of each multifamily and mixed-use property and owner by sub-market and property type. This grass-roots legwork enables Essex to provide clients with unique and valuable services.
