Essex Brokers $10.1M Sale of Multifamily Portfolio in Suburban Chicago

by Kristin Harlow

NAPERVILLE AND GENEVA, ILL. — Essex Realty Group Inc. has brokered the sale of two apartment properties in suburban Chicago for $10.1 million. The larger asset, 7-20 Simpson St., is a 56-unit apartment complex located in Geneva. The property consists of three two-story buildings. All units measure approximately 900 square feet and are two-bedroom units. The second property, 1330 E. Chicago Ave., is a 34-unit apartment building located in Naperville. The property consists of 31 one-bedroom units and three two-bedroom units. Doug Imber, Brian Kochendorfer and Brian Karmowski of Essex brokered the transaction.

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