Essex Realty Group arranged the sale of 2317-2325 W. Chase Ave., a 12-unit multifamily property located in the North Side’s West Rogers Park neighborhood. The buyer, a local investor in a 1031 exchange, paid approximately $1,675,000, or $139,583 per unit.
President Doug Imber, principal Kate Varde and directors Jaimie Steinher and Dan Shepherd were the brokers on this transaction. The Essex team conducted an extensive marketing campaign resulting in more than 10 property tours and multiple offers.
2317-2325 W. Chase contains a mix of one-, two- and four-bedroom apartment units. The units feature radiator heat, hardwood floors, white kitchen appliances, wood cabinetry, and laminate countertops. The property is conveniently located within 0.70 miles of the Rogers Park UP-N Metra Station.
This is the second Rogers Park-area apartment building closed by Essex in the past month, following 7416 N. Rogers Ave. in February.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).