Essex Realty Group arranged the sale of 5324-5326 N. Kimball Ave., a 13-unit brick multifamily property located in the North Park neighborhood on Chicago’s North Side. The buyer, a local investor, purchased the property for approximately $1,650,000, or $126,923 per unit.
“We brought this property to market in the beginning of June and generated more than 30 property tours to local investors,” said Essex principal Steve Livaditis. “Despite everything going on in the market, investors are still seeking well-located assets and great investment opportunities.” Livaditis and Essex director Matt Feo represented the undisclosed seller in this transaction
5324-5326 N. Kimball features 10 one-bed/one-bath units and three two-bed/one-bath units. In recent years, three of the 13 units were extensively renovated, leaving significant value-add potential for the next investor in renovating the remaining units.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.