CHICAGO, ILLINOIS– Essex Capital Markets, LLC is pleased to announce the successful refinancing of a three-unit multifamily property located at 3443 North Ridgeway Avenue in Chicago’s Avondale neighborhood. The loan was arranged on behalf of a local private investor by Darragh Griffin, Principal, and Quinn Keenan, Analyst.
The property features three recently renovated units with modern finishes and is situated on a quiet tree-lined street near the Addison Blue Line station and the 90/94 Expressway, offering residents convenient access to downtown Chicago and the surrounding suburbs.
The loan, secured through a credit union, includes a five-year fixed rate of 6.45% and was efficiently closed within 21 days.
Avondale, located on Chicago’s Northwest Side, sits between Old Irving and Logan Square, offering easy access to downtown via the Blue Line, CTA buses, and the Kennedy Expressway. The neighborhood continues to grow as artists, professionals, and young families move along Milwaukee Avenue.
“We are extremely happy to be able to facilitate quality executions across the full spectrum of the mid-market multifamily space. The clients did a really nice job on the rehab here,” said Darragh Griffin.