Chicago-based multifamily brokerage firm Essex Realty Group, Inc. closed on the sale of a 15-unit apartment building in Albany Park on Chicago’s Northwest side. Brokers for the sale were Doug Imber, Kate Varde and Rick Ofman.

The 15-unit building, located at 4855 N. Sawyer Avenue, sits on the southeast corner of Sawyer Avenue and Ainslie Street in Albany Park, just two blocks from North Park University. The building sold for $1.8 million, the original listing price.

“This sale illustrates both the strength and efficiency of the multifamily market on the North Side today. We conducted nearly 30 property tours in two days, resulting in 15 offers,” reflected Ofman.

Built in 1918, the building features three one-bedroom units, nine two-bedroom units, and three three-bedroom units. The property is situated in Albany Park which abuts the East Albany Park and Lincoln Square neighborhoods.

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