Essex Realty Group recently facilitated the sale of 7733-7735 N. Hermitage Ave., a center entrance six-unit multifamily property in Chicago’s East Rogers Park neighborhood.
The seller, a local investor, hired Essex principal Steve Livaditis and director Jacob Goldstein to market the property for sale. Essex led an extensivSe marketing campaign resulting in multiple offers. The property ultimately sold to a local investor for $825,000. Livaditis and Goldstein represented the buyer as well.
7733-7735 N. Hermitage Avenue is comprised of a mix of large two – and three-bedroom units. The property has been under the same ownership for over 35 years and has been well maintained during its tenure. The apartments feature hardwood flooring throughout accompanied by various levels of updates to the kitchens and bathrooms as apartments have turned over throughout the years. Multiple value-add strategies exist for a new owner.
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 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).
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