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Andersonville Mixed-Use Trades in 1031 Exchange

Essex Realty Group closed the sale of 5622-5628 N. Clark St., a 17-unit mixed-use property in the North Side’s Andersonville neighborhood. A local investor in a 1031 exchange purchased the property for approximately $4,850,000. 

The seller, a local investor, hired Essex principals Jim Darrow and Jordan Gottlieb to market the property for sale this past February. The Essex team conducted an extensive marketing campaign resulting in more than ten property tours and multiple offers.  Darrow and Gottlieb also represented the buyer.  

“5622 N. Clark presented the rare opportunity to purchase a larger mixed-use property in Andersonville in a prime location on Clark Street,” said Darrow. “The apartments are beautifully renovated, and the retail tenants are both long term staples of the neighborhood.”  The building is located less than a mile from both the Bryn Mawr and Berwyn Red Line CTA stations and several bus stops. 


Inside The Story

Essex Realty

About Paul Bubny

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. 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 15-20 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 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