North Side Investor Scores Jefferson Park Townhomes
Essex Realty Group closed the sale of 5640 and 5641 W. Carmen Ave., two buildings housing a total of eight luxury townhomes in the Northwest Side’s Jefferson Park neighborhood. The property sold to a North Side investor that secured agency debt for a purchase price of approximately $1,880,000.
Principal Steve Livaditis and director Matt Feo represented the local sellers. They led an extensive marketing campaign which resulted in multiple offers from both regional and local investors. Essex director Abe Eilian represented the buyer.
“This was a unique offering with a tremendous amount of upside for the purchaser,” said Livaditis. “These townhomes were nestled in a quiet pocket of Jefferson Park, and offered a single-family home environment to renters that have outgrown the typical North Side apartment. Demand for these rental units, especially post-COVID, was extremely high, which is why the buyers gravitated towards this investment opportunity.”
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).
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