CHICAGO, IL - Essex Three-Twelve, LLC, a Chicago-based multifamily brokerage firm, announced the successful closing of five multifamily and mixed-use investment properties across the city in June. The recent closings reflect continued investor demand for stabilized and value-add assets across a diverse range of Chicago neighborhoods.
The transactions included a mix of fully leased and value-add properties, ranging from turnkey three-flats in core neighborhoods to mixed-use opportunities on the Northwest Side.
Transaction highlights include:
2215 W. Medill Ave. | Bucktown
A fully leased, turnkey three-unit building that attracted 15 tours and sold for $1,255,000. Brokered by Garrett Leigh, the property featured strong in-place cash flow and a prime location near the 606 Trail.
2058 W. Erie St. | Ukrainian Village
A classic Chicago frame building with three residential units plus a coach house. The property drew 10 tours and sold for $1,125,000. Garrett Leigh represented the seller in the transaction.
3714 W. Ferdinand St. | Humboldt Park
This fully renovated three-flat received over 20 tours and sold for $386,300. Located on a quiet block near Garfield Park, the deal was brokered by Michael Masterson.
4606 W. Lawrence Ave. | Jefferson Park
A mixed-use building consisting of residential and ground-floor retail. The property sold for $525,000 after six showings, with Michael Masterson facilitating the transaction.
1456-58 W. Edgewater | Andersonville
A center entrance six-unit building in Andersonville that was owned and maintained by the same family for over 40 years. The property sold for $1,764,000 and Garret Leigh represented the buyer.
64 E. Cedar St. | Old Town
A rare boutique six-unit building located in the heart of Chicago’s Gold Coast. The property featured a diverse unit mix, including two corporate-leased 3-bed/3-bath units with guaranteed leases. Brokered by Michael Masterson.
"Amid a backdrop of multi-year rent increases and very little new supply, we’re seeing incredible investor appetite for apartments,” said Garrett Leigh, Associate at Essex Three-Twelve. “At Essex 312, we’ve been able to harness that demand for great execution on behalf of our clients.”
Michael Masterson, Associate at Essex Three-Twelve, added, “We’re seeing momentum return as investors refocus on high-quality, smaller-scale buildings. These assets continue to perform and remain attractive entry points into the multifamily market.”
Essex Three-Twelve continues to serve as a trusted advisor to property owners and private investors throughout Chicago, providing a collaborative, data-driven approach to investment sales.
About Essex Three-Twelve: Essex Three-Twelve, LLC specializes in the sale of 3-12 unit multifamily and mixed-use properties in the Chicago metropolitan area.