Essex Realty Group has listed a 27-unit portfolio in two corner apartment buildings a block from each other in the North Side’s Edgewater neighborhood. The portfolio is offered for sale at a combined price of $5,819,000 or may be acquired as individual properties.
Nicknamed the Loyola Portfolio for its proximity to Loyola University, the offering includes 13 units at 1214-24 W. Rosemont Ave. and 14 units at 6257 N. Lakewood Ave. A value-add opportunity exists for an investor to purchase these properties and either continue to operate the properties as-is or renovate them to include modern finishes.
“The ‘Loyola Portfolio’ presents an investor with a rare opportunity to acquire immediate scale in this highly sought-after market just a couple of blocks away from Loyola University Chicago’s main campus,” said Matt Feo, Essex director and listing agent for the properties.
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).