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Essex Realty is marketing the salde of 6513-23 N. Newgard Ave., an apartmentproperty in Chicago's Rogers Park neighborhood

Essex Lists Courtyard Building in Rogers Park

Essex Realty Group is marketing for sale 6513-23 N. Newgard Ave., a multifamily property in the North Side’s Rogers Park neighborhood. The 24-unit courtyard building is offered at $4,200,000 by the Essex team of Doug Imber, Kate Varde, Jaimie Steinher, Dan Shepherd, and Rick Ofman. 

“Rarely does one get the opportunity to list a property that offers so much to investors,” said Ofman. “Aside from its obvious curb appeal and proximity to Loyola University, this property offers extremely spacious and livable units on a quiet street.” 

He continued, “While it has been well-maintained over the years, the units are rented roughly 10-15% below market in current condition. A new owner can easily capture that upside and more by adding dishwashers and updating kitchens and baths. Furthermore, one could duplex-down first floor units to increase bedroom count, creating desirable living spaces for Loyola’s growing student population.” 

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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 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).

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