Monarch Realty Partners Sets Submarket Record With Sale Of Renovated 18-Unit Multifamily In Chicago

A renovated 18-unit courtyard building located at 11238 South Vernon Avenue in Chicago's Roseland neighborhood was recently sold for a record-breaking price of $1,425,000. The property, which falls under the multifamily asset type, boasts a price per unit (PPU) of $79,167.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $1,425,000
• Units: 18
• Price Per Unit (PPU): $79,167
• Address: 11238 South Vernon Avenue
• Market: Chicago

Monarch Realty Partners, represented by brokers Daniel Shabsin, Jeremy DeMarco, and Robert Berman, facilitated the sale of this lucrative property. The transaction set a price-per-door record in the Roseland submarket, demonstrating the desirability and value of the renovated building.