Essex Realty Group Markets 20-Unit Multifamily Portfolio in Chicago
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. Chicago capital flow has been concentrated in industrial along the I-55 and I-80 corridors and in the most select downtown trophy office submarkets. Multifamily transaction volume has moved up in the Near North and West Loop. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 48th Chicago story tracked on the wire in September 2026. All Chicago coverage →
- Disclosed multifamily deal value tracked in September 2026: $7.1B across 80 reported transactions. All Multifamily coverage →
Computed from Real Estate Trail’s own tracked coverage
Essex Realty Group, LLC has been exclusively engaged to market for sale a 20-unit portfolio, a multifamily investment opportunity comprised of five similar buildings in Chicago’s West Town neighborhood. The portfolio…
External link. Real Estate Trail does not republish source content.
Related coverage — Chicago · Multifamily
Northmarq Brokers Sales of Two Chicagoland Multifamily Properties Totaling $67.3M
LOMBARD AND NAPERVILLE, ILL. — Northmarq has arranged the sales of two Chicagoland multifamily properties for a combined $67.3 million. The assets include Westmore Apartments, a 230-unit property in Lombard, and Whisp…
Interra Realty Brokers $19M Sale of River North Apartment Building
Interra Realty has brokered the $19.2 million sale of Paper Box Lofts , a 35-unit multifamily building at 153-157 W. Ohio St. in Chicago’s River North neighborhood. The transaction equates to $548,571 per unit. Interr…
Fengate, Mavrek Break Ground on 25-Story Apartment Tower in Chicago’s West Loop
CHICAGO — Fengate Asset Management and Mavrek Development have broken ground on Julep West Loop, a 25-story apartment tower in Chicago’s West Loop neighborhood. The development will include 380 units, including 76 aff…
JLL Elevates Paul Morgan to Chief Operating Officer in Accelerate 2030 Platform Push
The Chicago-based real estate giant has consolidated its enterprise operations under a single new executive as it moves to run as one unified, technology-enabled platform under its long-term Accelerate 2030 strategy.…
Harold E. Eisenberg Foundation Expands Mentorship Program into Indianapolis
The Harold E. Eisenberg Foundation is expanding its real estate mentorship program to Indiana. Headquartered in the north suburbs of Chicago, the foundation’s mentorship program has worked with more than 2,200 college…
Dermody Breaks Ground on 358K-SF Suburban Chicago Industrial Project
Dermody broke ground on the LogistiCenter at Berkeley, a 357,619-square-foot facility located at 5300 St. Charles Road in Berkeley, Illinois. The redevelopment of an older, functionally obsolete industrial building is…