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Chicago & Midwest  + North Side  + Apartments  | 

Logan Square Apartments Sell in Less Than 12 Weeks

Essex Realty Group closed the sale of 2313 N. Albany Ave., a nine-unit multifamily property in the North Side’s Logan Square neighborhood. The buyer, a local investor, purchased the property for approximately $1,610,000. 

Principals Jim Darrow and Jordan Gottlieb were the brokers on the transaction, representing the property’s longtime owners. After receiving 12 competitive offers, the property went under contract after just two weeks of marketing and closed eight weeks later. 

“Investors were drawn to this opportunity because of the great location and ideal value-add opportunity the property presented,” said Gottlieb. “The building is in great shape due to dedicated long term family ownership, but also allows for a new investor to further modernize the property.”

The property is situated just three blocks north of popular Palmer Square Park, and is conveniently located a half mile from both the Logan and California Blue line L stops. 


Inside The Story

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).