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Chicago & Midwest  + North Side  + Apartments  | 

Courtyard Apartments Trade Near Ravenswood Metra, CTA Stations

Essex Realty Group closed the sale of 4827-4833 N. Wolcott Ave., a 25-unit courtyard building in the North Side’s Ravenswood neighborhood, located near the newly renovated Ravenswood Metra Station, the Damen Brown Line CTA Station and a new Mariano’s supermarket. The property closed for approximately $5,435,500.

Essex principals Jim Darrow and Jordan Gottlieb represented the out-of-state seller. Principal Steve Livaditis represented the buyer, a local investor.

Livaditis said, “The purchaser was quickly attracted to the property primarily due to the value-add opportunity presented and the lack of inventory for quality courtyard buildings in this ideal pocket of Ravenswood.”


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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 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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