South Shore Rentals Trade Amid “Exciting Time” for Investors
Essex Realty Group’s Brian Mond arranged the sale of 7517 S. Coles Ave., a 43-unit multifamily property one block from Rainbow Beach in the South Side’s South Shore neighborhood. The property sold to an out-of-state buyer for approximately $1,950,000.
“The South Shore neighborhood is one of the 10 communities selected as part of INVEST South/West, an initiative put forth by the city of Chicago to enrich and re-activate commercial corridors,” said Mond. “It is an exciting time for residents and investors on Chicago’s South Side.”
He added, “The city’s planning department has put forward proposals located in neighborhoods on the south side including INVEST South/West and the newly approved Obama Presidential Center. We are witnessing hyper-focused reinvestment in these neighborhoods, which will support local businesses and the residents that live in these neighborhoods.”
The property is one block east of the Windsor Park Metra station.
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).