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Essex Completes 2nd South Shore Deal This Month

Essex Realty Group has completed its second deal this month in Chicago’s South Shore neighborhood, brokering the sale of a 25-unit apartment property at 1947-57 E. 73rd Pl. Buyer and seller weren’t disclosed; the sale price was approximately $1.5 million.

1947-57 E. 73rd is a courtyard building that dates from 1925. It’s at the end of a cul-de-sac, a location that provides a quiet residential feel even with its proximity to South Jeffrey’s commercial corridor, according to Essex Realty. It’s also less than three miles from the University of Chicago.

Brian Mond and Jim Darrow were the brokers on the transaction. Mond and Darrow were members of the Essex team that arranged the sale of the 29-unit 6949 S. Paxton Ave., also in South Shore, earlier this month.

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About Paul Bubny

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 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).

  • ◦Sale/Acquisition