Essex Realty Group closed the sale of 1300 W. Hood Ave., a 12-unit multifamily property located in the North Side’s Edgewater Glen neighborhood. The buyer, a local investor, purchased the property for approximately $2,850,000.
Director Matt Feo represented the seller, a local investor who meticulously maintained the property for more than 20 years. The property was placed under contract just six weeks after listing. Principal Steve Livaditis represented the buyer.
Livaditis said, “Due to the property’s expansive interior floorplans, the purchaser is planning to extensively renovate the property by creating luxury family rentals to meet the needs of this attractive, quaint, NorthSide pocket of Edgewater Glen. Additional dwelling units may be permitted for this project as it falls within the newly adopted ADU Pilot Program.”
The property is situated near the Granville CTA Red Line Station as well as Edgewater’s parks and beaches and Loyola University’s Lake Shore Campus.
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).