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Essex Realty Closes Second Sale of Logan Square Courtyard Building
Essex Realty Group arranged the sale of 1832-1842 N. Humboldt Blvd., a 45-unit courtyard apartment building in the North Side’s Logan Square neighborhood. It’s the brokerage’s second time arranging a sale of the property.
In 2013, Essex Realty worked with the previous owner to sell the building for $4,775,000 to the current seller. After an extensive renovation, the seller transformed the property into a highly- prized asset on historic Humboldt Boulevard. The current purchaser, Kotick Investments LLC, a local Chicago investor group, paid approximately $8,835,000, or $196,333 per unit.
“It is extremely rare for a courtyard building on the historic boulevards in Logan Square to be brought to market,” said Essex Realty’s Jordan Multack. “The buyer was attracted to the prime location on Humboldt Boulevard and recently renovated units.
Multack’s colleagues Doug Imber, Kate Varde, and Clay Maxfield represented the seller. Jim Darrow, Jordan Gottlieb and Multack advised the buyer.
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