Essex Closes Five-Unit Mixed-Use Building in Pilsen
Chicago-based multifamily brokerage firm Essex Realty Group, Inc. recently facilitated the sale of 1848 South Blue Island Avenue, a five-unit, mixed-use building in Chicago’s popular Pilsen neighborhood.
The seller, a local investor, hired the brokerage team of Jim Darrow and Jordan Gottlieb to exclusively market the property for sale. Essex led an extensive marketing campaign resulting, ultimately, in selling the property to a local investor for $1.36 million. “The 1800 block of Blue Island is perfectly situated to capitalize on Pilsen’s explosive growth being nearly equidistant from the L station to the west and the nightlife to the east,” said Gottlieb.
The three-story property consists of four apartments and one retail storefront and was completely renovated over the past few years. The apartments feature in-unit laundry, stainless steel appliances, quartz counters and central HVAC.
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.