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**Essex Realty Group Closes Three Multifamily Sales in Evanston Totaling $27.2 Million**
Essex Realty Group has successfully completed the sale of three multifamily properties in Evanston, Illinois, with a combined transaction value of $27.2 million and totaling 125 apartment units.
The first transaction involved the $10.3 million sale of 632–640 Hinman Avenue, a 32-unit luxury vintage courtyard apartment building. Essex represented both the buyer and the seller in this transaction, led by Principals Doug Imber and Kate Varde, along with Managing Director Rick Ofman.
In the second deal, Essex facilitated the $10.5 million sale of 1400 Chicago Avenue, a prominent eight-story, 63-unit multifamily property located in downtown Evanston. The seller was represented by Partners Brian Karmowski and Doug Imber; the property had remained in the seller’s family since its original development in 1962. Partner Matt Feo represented the buyer.
The third transaction was the $6.4 million sale of 2007 Ashland Avenue, a 30-unit townhome community at the corner of Ashland Avenue and Foster Street. The seller was represented by Doug Imber and Kate Varde, while the buyer was represented by Partner Brian Karmowski and Managing Director Abe Eilian.
These sales underscore Essex Realty Group’s prominent role in the Chicagoland multifamily market and highlight the strong investor interest in the Evanston submarket.
Industry professionals are invited to attend the Connect Midwest Multifamily Trends conference, taking place on the afternoon of Tuesday, June 2, 2026, at Joe’s Live in Rosemont, Illinois. The event will explore key trends shaping the multifamily sector across the Midwest.
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