CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 1802 W. Belmont, a new construction mixed-use property located in Chicago's Roscoe Village neighborhood. The property is situated on the north side of Belmont Avenue, two blocks west of the heavily-trafficked six way intersection at Lincoln/Belmont/Ashland, is conveniently located along the Belmont CTA bus line and is within walking distance of the Paulina CTA Brown Line station.
The building contains three (3) condominium-quality apartments and one (1) first-floor commercial space. The apartments feature open floor plans, hardwood floors, recessed lighting, 42-inch cabinets, stainless steel appliances, in-unit laundry, central heat and air, and private balconies. The commercial space is currently in "vanilla box" condition and includes a waiting area, reception desk, four private offices, kitchenette and bathroom. The property also includes three (3) exterior parking spaces in the rear of the building.
Doug Fisher and Matt Welke of Essex were the listing brokers in the transaction. Jim Darrow and Jordan Gottlieb of Essex represented the purchaser. The price was approximately $1,000,000.
Essex Realty Group, Inc. specializes in the sale of investment real estate throughout the Chicago metropolitan area. Since its founding in 1990, Essex has carved a unique niche, focusing exclusively on the brokerage investment properties valued between $1 million and $30 million, with a strong emphasis in multi-family, retail and shopping center sales.
Our specialization enables us to track and interpret market data quickly, thoroughly and accurately. Utilizing this information, we are able to provide our clients with guidance on property valuations and effective marketing strategies. Our goal is to maximize both property selling prices and buying opportunities, yielding an unmatched rate of customer satisfaction. This success is evidenced by the fact that nearly half of our business is with repeat clients, including many of Chicago's top real estate investors.