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Essex Brokers Sale of Auburn Gresham Apartment Building
Essex Realty Group, Inc. closed the sale of 7601 S. Emerald Ave., an 18-unit apartment building located in Chicago’s Auburn Gresham neighborhood.
Essex brokers Robert Berman, Jeremy DeMarco, Joe Kahlhammer and Daniel Shabsin represented the private seller in the sale to a local investor. The property sold for $1.2 million.
“The buyer was attracted to the asset due to its favorable unit mix of entirely two-bedroom units and its turnkey condition. We continue to see increased investment activity across the board as interest rates continue to decrease and the cash previously held on the sidelines is now being deployed,” said Essex Managing Director, Robert Berman.
