SOLD
Preservation Of Affordable Housing Acquires Multifamily Property In Chicago For $8.1M
1221 West Sherwin Avenue
MultiFamily
30,660 SF
30,660 SF
Sold 1 year ago
Summary
Sale
ILLINOIS
MultiFamily
30,660 sqft
A multifamily property located at 1221 W. Sherwin Avenue in Chicago has been sold in a transaction facilitated by Kyle Shoemaker and Lee Kiser. The property, consisting of 57 units, was sold for a total price of $8,100,000, resulting in a per unit price of $142,105.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,100,000
- Units: 57
- Price Per Unit: $142,105
Kyle Shoemaker, representing Affordable Housing Investment Brokerage, and Lee Kiser from @kisergroup acted as brokers in the deal. The buyer, Preservation of Affordable Housing (POAH), acquired the property from a non-for-profit seller.
Players
Details
SOLD
IMAGE: Kyle Shoemaker & Lee Kiser
DATE: 01/19/2021
ADDRESS: 1221 W. Sherwin Avenue
MARKET: Chicago
ASSET TYPE: Multifamily
BUYER: Preservation of Affordable Housing (POAH)
SELLER: Non-for-profit
BROKERS: Kyle Shoemaker - Affordable Housing Investment Brokerage, Lee Kiser - @kisergroup
SALE PRICE: $8,100,000
UNITS: 57 ~ PPU: $142,105View on map
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Address1221 West Sherwin Avenue
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