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Chicago & Midwest  + North Side  + Apartments  | 

Value-Add Apartments Trade in Lincoln Park

Essex Realty Group has closed on the sale of 2156 W. Potomac Ave., a six-unit multifamily property in Wicker Park. The property is approximately 28 by 88 feet and is situated on the northeast corner of Leavitt and Potomac.

The building has received modest updates over the past 10 years, with individual HVAC, laundry and dishwashers in-unit. However, Essex Realty described the property as a value-add opportunity for achieving greater income via a cosmetic renovation.

The property traded for $1,510,000, some four months after being listed.

The seller and buyer were represented by the combined teams of Jordan Multack, Clay Maxfield, Jim Darrow, Doug Imber, Jordan Gottlieb and Kate Varde.

Connect Texas Multifamily will take place August 15, 2019 in Dallas. For more information, or to register, click here.


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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 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).

  • ◦Sale/Acquisition
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