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Chicago & Midwest  + South Side  + Apartments  | 

Essex Brokers Sale of Adjacent Properties in West Town

Essex Realty Group arranged the sale of 1637 and 1639 W. Huron St., two adjacent multifamily properties in the West Side’s West Town neighborhood.  The properties were purchased by a local investor for approximately $2,320,000.
 
Essex director Jordan Multack brokered the transaction, along with principals Jim Darrow and Jordan Gottlieb. “The buyer was attracted to the opportunity to further improve each property by adding laundry in-unit and modernizing kitchens and baths to raise current rents to market level,” said Multack.
 
Both buildings have been meticulously maintained by the same owner for almost 30 years, providing the new investor with the opportunity to acquire two rarely available assets located steps apart.
 
1637 and 1639 W.Huron both feature large spacious one-bed/one-bath and two-bed/one-bath apartments. Both properties were gut-renovated in 2002.
 

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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