A two-unit multifamily property located at 1246 West Newport Avenue in Chicago sold for $1.35 million. This property comprises 4,500 square feet with an average price per unit of $675,000 and a price per square foot of $300. The units are designed with three bedrooms and two baths each, featuring modern upgrades and a high basement. Additionally, the property includes a two-car garage equipped with a 240V EV charging outlet and a remodeled vintage design, with optional furnishings available for Airbnb rental.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,350,000
• Units: 2
• Price Per Unit: $675,000
• Square Feet: 4,500
• Price Per Square Foot: $300
• Buyer's Representative: Andrew Howley - Berkshire Hathaway HomeServices Chicago
• Seller's Representative: Lorenzo Sanchez - Engel & Völkers Chicago

The transaction involved Andrew Howley representing the buyer, while Lorenzo Sanchez represented the seller. Both representatives are affiliated with well-known real estate agencies in Chicago, ensuring expertise in the multifamily market during the sale of this property.