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Essex Realty Group has arranged the sale of 930 W. Winona St., a 64-unit multifamily building in Chicago’s Uptown neighborhood. The mid-size apartment property, located a short distance from Lake Michigan, continues a long transaction history for Essex, which has now sold this asset three times over the past 24 years.
The property features a mix of 46 one-bedroom apartments and 18 studio units, offering a compact but diverse unit profile for renters in Uptown. On-site parking includes 35 spaces, providing an additional convenience in a dense urban setting where off-street parking can be limited.
According to Essex, the building has been closely managed by a hands-on ownership group, which has focused on maintaining the asset over time. The property also carries a remaining Class 9 designation under the Cook County Property Tax Incentive Program, providing a favorable property tax treatment for qualifying multifamily assets. This designation can help support operating performance and investment returns while it remains in place.
Essex Realty Group represented both sides of the transaction. Principals Kate Varde and Doug Imber, together with Managing Director Rick Ofman, advised the seller, while Principal Matt Feo represented the buyer. The firm indicates that this latest assignment reinforces its long-standing relationship with the asset and the Uptown submarket.
Financing for the acquisition was arranged by Essex Capital Markets. While specific terms and the capital stack details were not disclosed, the involvement of a dedicated capital markets team underscores the role of structured debt in facilitating trades of stabilized, mid-size multifamily assets.
The building’s location, just half a block from Lake Michigan, provides residents with convenient access to the lakefront and its recreational amenities. The property is also served by public transportation options, including the CTA 146 bus line, which offers direct service to the Loop. This combination of neighborhood, transit access, and proximity to the lake positions the asset as a transit- and amenity-accessible option within Uptown.
Separately, Connect CRE is promoting the upcoming Connect Midwest Multifamily Trends conference, scheduled for the afternoon of Tuesday, June 2, 2026, at Joe’s Live in Rosemont, IL. The event will focus on multifamily trends across the Midwest, a region that includes urban neighborhoods such as Chicago’s Uptown.
The post Essex Realty Group Sells 64-Unit Apartment Building at 930 W. Winona in Uptown Chicago appeared first on CRE Market Beat.
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