The multi-family property at 1228 West Glenlake Avenue in Chicago was sold for $1,049,000. The building consists of three sunny and spacious apartments, fully leased into 2024 and 2025, offering high-income rental potential in Edgewater. Its prime location provides proximity to universities, transportation, and Lake Michigan beaches, making it an appealing investment opportunity.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $1,049,000
• Units: 3
• Price Per Unit: $349,667
• Brokers: James Gramata, Kassandra Vitogiannis, Michael McCoy
• Brokerage: @Properties Christie's International Real Estate

James Gramata, Kassandra Vitogiannis, and Michael McCoy from @Properties Christie's International Real Estate were the brokers who facilitated the sale of this unique multi-family property. The strategic location of the property, with its close proximity to various amenities and attractions in Edgewater, contributed to its attractiveness as an investment opportunity.