Ross Hutchinson Of All-American Realty Homes & Land Represents Buyer In $3.45M Multifamily Sale In Charleston

A multifamily property located at 117 Polk Avenue in the Charleston market has been sold for $3,450,000. The asset spans 7.15 acres and consists of 44 units, with a price per unit of $78,409. The property includes a mix of one-bedroom units and duplexes, featuring average rental prices of $630 and $850, respectively.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,450,000
• Address: 117 Polk Avenue
• Market: Charleston
• Acres: 7.15
• Units: 44
• Price Per Unit: $78,409
• Average Rent for One-Bedroom Units: $630
• Average Rent for Duplexes: $850
• Buyer's Representative: Ross Hutchinson - All-American Realty Homes & Land
• Seller's Representative: Central Illinois Board of REALTORS

Ross Hutchinson from All-American Realty Homes & Land represented the buyer in the transaction. The seller was represented by the Central Illinois Board of REALTORS. This sale involved a well-maintained multifamily property that offers a blend of rental options suitable for various tenants.