Brian Mond & Erica Trejo Acquire Mixed-Use Property At 2700 North Laramie Avenue For $1.615M

The property asset involved in this transaction is a mixed-use building located at 2700 North Laramie Avenue in Chicago. The asset comprises a total of 17 units, including 3 retail units and 14 residential units. The sale was completed for a total price of $1,615,000, with a per unit price of $95,000. The building spans 7,800 square feet, resulting in a price per square foot of $207.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,615,000
• Buyer: Brian Mond & Erica Trejo
• Seller: Juan Martin Ramirez
• Brokers: Davis Edgerly & Matt Petersen - 33 Realty
• Units: 17 (3 Retail and 14 Residential)
• Square Footage: 7,800
• Price Per Unit: $95,000
• Price Per Square Foot: $207

Del Sol Properties has successfully acquired the property following a lengthy condo deconversion process, marking a significant value-add opportunity, highlighted by a strong location and potential for future enhancement. This acquisition adds to Del Sol Properties' expanding portfolio.