Essex Realty Group, Inc. recently facilitated the sale of 2809 W. Logan Blvd., a greystone apartment building in Logan Square. The four-unit property has been under the same ownership for more than 30 years and presents a new owner with multiple value-add opportunities.
The seller, a local investor, hired Essex director Abe Eilian and associate Brian Keegan to exclusively market the property for sale. The property ultimately sold within 99% of the original list price for $1,250,000. Keegan represented the buyer, a local investor.
“Due to the unit sizes and value-add component, we were confident the property would attract both live-in owners and pure investors alike, so we positioned the property with both buyer profiles in mind in order to create maximum competition and net the seller absolute top dollar for a property that he worked very hard on maintaining for 30-plus years,” said Eilian.
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).