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Chicago & Midwest  + North Side  + Office  | 

Bucktown Mixed-Use Sells Above Asking Price

Essex Realty Group closed the sale of 2000 W. Armitage Ave., a two-story mixed-use redevelopment opportunity in the North Side’s Bucktown neighborhood. It sold for approximately $1,250,000, which is $255,000 over the list price

The seller, a local investor, hired Essex principals Jim Darrow and Jordan Gottlieb to market the property for sale after several previous attempts to sell the property failed. The Essex team conducted an extensive marketing campaign resulting in more than 16 property tours and four offers. A local nonprofit purchased the property and intends to use the space for its organization. 

2000 W. Armitage is situated on a large lot on the heavily trafficked intersection of Armitage Avenue and Damen Avenue. The property was sold vacant. An investment opportunity exists to redevelop the ground-floor commercial space to create luxury apartments or offices. 


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).

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