May 17, 2019
Essex Realty Group’s Steven Livaditis and Joe Scheck represented the association board and the homeowners in a condominium deconversion sale of 915 W. Montana St. in Lincoln Park. The property sold to Bertsch Properties for $4,314,000.
Livaditis and Scheck marketed all 18 condo units to be sold in their entirety, allowing a buyer the potential of deconverting the association and operating the property as an apartment building. The neighborhood surrounding 915 W. Montana has a low density of rental units, amid new single-family homes and new high-end condo developments.
Essex was able to procure over 20 property tours and produce multiple written offers. The property closed within five weeks of final homeowner sale approval. Livaditis and Scheck also represented Bertsch Properties in the deal.
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