July 22, 2019 Comments Off on Value-Add Apartments Trade in Lincoln Park Views: 373 Chicago News, North Side

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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