Scott Weis Of Semco Acquires Multifamily Property In Chicago For $2.325M From MO2 Properties

The multifamily property located at 1151 West Erie Street in Chicago features 9 units and spans 8,500 square feet. It has a sale price of $2,325,000, resulting in a price per unit of $258,333 and a price per square foot of $273.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,325,000
• Units: 9
• Square Footage: 8,500
• Price per Unit: $258,333
• Price per Square Foot: $273
• Buyer: Scott Weis - Semco
• Seller: MO2 Properties
• Broker: Jordan Multack - Greenstone Partners

Jordan Multack from Greenstone Partners represented both the seller, MO2 Properties, and the buyer, Scott Weis from Semco. The property attracted 1031 investors due to its potential for increased rents and appealing location near the highway and Fulton Market, along with unique layouts, a rooftop deck, and ample on-site parking.