Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Chicago & Midwest  + Greater Chicagoland  + Apartments  | 

Essex Realty Closes Bulk Condo Sale in Chicago Ridge

Essex Realty Group closed on the sale of 66 condominium units within the Tatra Condominium complex at 10520-10640 Brooks Ln. in Chicago Ridge, IL. A local Chicagoland investor purchased the condo units for approximately $5,000,000, adding to their existing suburban portfolio.

The 66 units represent approximately 43% of the homeowner association (HOA) for Tatra Condominiums. The offering presented the investor with the opportunity to gain a near majority position in the HOA, as well as add value through raising rents to market rates.

Essex managing director Brian Kochendorfer represented the seller, while Essex director Troy Beebe advised the buyer.

The sale represents the third suburban transaction closed by Essex in the past two weeks. The brokerage closed on sales of 4735-4749 W.101 St. in Oak Lawn, and 705 W. Park Ave. in Libertyville as well.

Get CRE News in 150 words

For comments, questions or concerns, please contact Paul Bubny


Inside The Story

Connect With Essex Realty

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).

Step 1: Select Education
  • ◦Sale/Acquisition
New call-to-action