CHICAGO, IL - Essex Realty Group, Inc. announces the sale of 66 condominium units within the Tatra Condominium complex located at 10520-10640 Brooks Lane in Chicago Ridge, IL.
A local Chicagoland investor purchased the condo units for approximately $5,000,000 to add to their existing suburban portfolio. The 66 units represent approximately 43% of the HOA for Tatra Condominiums. The offering presented the investor with the opportunity to gain a near majority position in the HOA as well as add value through raising rents to market rates.
Essex Managing Director Brian Kochendorfer represented the seller, while Essex Director Troy Beebe represented the buyer.
This is the 3rd suburban transaction closed by Essex Realty Group, Inc. in the last two weeks – 4735-4749 West 101 Street in Oak Lawn and 705 West Park Avenue in Libertyville closed as well.
Founded in 1990 Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area. Visit www.essexrealtygroup.com for more information and current listings.