CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 1261-1301 W. Argyle & 1338-1354 W. Argyle.
1261-1301 W. Argyle St. and 1338 - 1354 W. Argyle St. (Argyle Street Properties) are located in Chicago’s Uptown Neighborhood. The Properties consist of 60 studios, 96 one-bedrooms, one two-bedroom/two-bath, and one three-bedroom one and one-half bath units.
The Properties have been professionally managed and stabilized with significant attention given to correcting inherited deferred maintenance issues. Evidencing this is the fact the buildings have operated at or above 95% occupancy for the past five months.
1261-1301 W. Argyle sold for $6,545,000 and 1338-1354 W. Argyle sold for $10,580,000.
Doug Imber and Kate Varde were the brokers on the transaction.
Since its founding in 1990, Essex has grown to become the Chicago area’s premier investment real estate brokerage company. Our expertise, integrity, and consultancy approach has resulted in our achieving the leading market share and earning the confidence of Chicago’s most prominent real estate investors. If you are seeking to buy or sell multi-family, mixed-use, retail, or other investment real estate, or simply require market information, we are committed to providing you with the highest level of service possible.