Historic Edgewater Apartment Building Sells for $5.5M as Neighborhood Real Estate Market Heats Up

By Socialhood News · Il/Chicago/Edgewater · February 16, 2026

A significant real estate transaction has energized Edgewater's housing market as Essex Realty Group recently announced the $5.5 million sale of a 42-unit apartment building located at 5710 N. Winthrop Avenue. The sale, which closed on February 11, was led by Essex Realty Group Principals Steven Livaditis and Matt Feo, along with Managing Director Rick Ofman, representing the final piece of a multi-property portfolio disposal.

The property's prime location is a major selling point, situated just steps from Lake Michigan and within walking distance to the Bryn Mawr Red Line station. Its proximity to Loyola University Chicago, multiple beaches, and the vibrant Broadway and Bryn Mawr commercial corridors makes it particularly attractive to both students and young professionals. Real estate experts note that Edgewater continues to be one of Chicago's most resilient lakefront submarkets, supported by strong rental demand, excellent transit accessibility, and a diverse tenant base.

Residents interested in learning more about Edgewater's real estate market and other neighborhood developments can connect with the Edgewater Chamber of Commerce or attend upcoming community meetings where local development projects are frequently discussed.

Sources:
1. https://essexrealtygroup.com/chicago-edgewater-multifamily-sale-5710-winthrop-2/