Woodlawn Sale is Essex’s Fourth South Side Deal in 30 Days
Essex Realty Group recently brokered the sale of 6757 S. Evans Ave. in Woodlawn. This marks the fourth South Side transaction closed by the Essex team in 30 days.
Director Brian Mond marketed the seven-unit multifamily property on behalf of a local investor. Essex principal Steve Livaditis and director Jacob Goldstein represented the buyer, a local investor, who purchased the property for approximately $625,000, or $89,285 per unit.
Essex’ South Side brokerage team closed sales of three properties in South Shore over the past month, including 7300 S. Jeffery Boulevard, 7846 S. Exchange Avenue and 7450 S. Luella Avenue.
“We are witnessing a change in South Shore which is drawing attention from investors, both local and out-of-state alike,” said Mond. “Where else in the country can you buy an investment opportunity at an 8% cap rate in a neighborhood located along the lake in one of the biggest metropolitan cities?”
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).