November 20, 2019 Comments Off on Rogers Park Mixed-Use Trades as Value-Add Opportunity Views: 376 Chicago News, North Side

Rogers Park Mixed-Use Trades as Value-Add Opportunity

Essex Realty Group arranged the sale of 1743 W. Touhy Ave./7137 N. Clark St. in the North Side’s Rogers Park neighborhood. Comprised of 13 apartments and six retail units, the mixed-use property represents a value-add opportunity, according to Essex Realty.

In 2018, the Touhy Avenue side of the property suffered a severe fire loss, which would entail a full renovation by new ownership. However, the Clark Street side wasn’t harmed by the fire, and its residential units were already fully rehabbed and in lease-ready condition.

Steven Livaditis of Essex Realty Group represented the owners of the property. Livaditis and his colleague Jacob Goldstein advised the buyer, a local real estate investor.

The purchase price was approximately $1,410,000. The new owner plans on completing the entire renovation within the next nine months.

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