Icarus Investment Group Secures $6.95M Equity Loan For Kenwood Multifamily Properties With Lender KCB Real Estate

An equity deal worth $6,950,000 has been closed in Kenwood, Chicago. The multifamily property involved in the transaction encompasses a total square footage of 181,250. Located at 4001 South Ellis Avenue, 4433 South Greenwood Avenue, 4737 and 4746 South Ingleside Avenue, 4500 South Drexel Boulevard, and 811 East 46th Street, the asset offers promising investment opportunities in the market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,950,000
• Market: Kenwood, Chicago
• Asset Size: 181,250 SF

The landlord, Icarus Investment Group, completed the deal with the support of KCB Real Estate Management as the lender. Avi Solomon from GPARENCY took on the role of broker, representing the parties involved in the transaction. Notably, due to our client's membership with GPARENCY, the equity deal of $6,950,000 was successfully closed for a remarkably low fee of $11,000.