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Chicago & Midwest  + North Side  + Apartments  | 

Essex Brokers Deal for Low-Rise in Ravenswood Neighborhood

Essex Realty Group has brokered the sale of a 31-unit apartment property in Chicago’s Ravenswood neighborhood. The sale price of approximately $6.125 million came after Essex had received multiple offers for the century-old property at 5009 N. Ashland Ave.

Steve Livaditis and Joe Scheck of Essex were the brokers on the transaction. Seller and buyer were not disclosed.

The low-rise’s unit mix consists of one and two-bedroom apartments, with most units featuring separate dining areas. Although technically located in Ravenswood, the property is a short walk from Andersonville’s Clark Street shopping district.

Essex listed the 30,864-square-foot property this past September.


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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 16-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 7-10 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).

  • ◦Sale/Acquisition
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