The Maynard at 1325 West Wilson Ave., a 121-apartment mixed-use building in Sheridan Park, recently sold for $18.5 million.
The 12-story tower offers a mix of studio, one- and two-bedroom apartments with hardwood floors, granite countertops, stainless-steel appliances, in-unit washer/dryers and individual HVAC units.
The Maynard was redeveloped in 2015 and has four retail suites on the ground floor. Community amenities include a rooftop deck, fitness center, bike storage, elevators and an on-site café.
Essex Realty Group Managing Director Matt Feo and Principal Jordan Gottlieb listed the property and represented the seller, while Feo and Managing Director Rick Ofman represented the buyer.
“This was a very unique opportunity to acquire a significant amount of apartment density in a neighborhood mostly dominated by three- and four-story walk-up properties,” Feo said. “Additionally, this property was renovated extensively … and would be very difficult to replicate with today’s construction and capital costs.”
