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A new-construction luxury apartment building in Chicago's Old Town neighborhood is being marketed for $16 million by Essex Realty Group

Essex Realty Lists Old Town Luxury Apartments 

Essex Realty Group has been retained to market for sale the Old Town Collection, a luxury mixed-use apartment building. The new-construction Old Town Collection is located at 1553 N. Wells St. and is listed at $16,000,000. 

Completed in 2019, this boutique property is comprised of one retail space and 23 apartment units. Phillz Coffee, a national coffee chain, occupies the street-level commercial space. 

“The Old Town Collection is situated in an irreplaceable location in the heart of Old Town,” said Essex principal; Jim Darrow, who is marketing the property with principal Jordan Gottlieb. “For young adults, this Wells Street pocket is arguably one of the most attractive places to live in Chicago as it is lined with bars and restaurants and has become an extremely popular nightlife destination. Plus, the property offers residents great apartment layouts and outdoor space. 

Darrow and Gottlieb are representing the seller, a local investor. 


Inside The Story

Essex Realty Group

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
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