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Chicago & Midwest  + North Side  + Apartments  | 

Essex Closes on MF Apartment Building in Albany Park

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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About Jasmine Kilman

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.

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