The 3-flat investment property at 1317 West School Street in Chicago sold for $1.605 million, or $535,000 per unit. Recently completed in early 2024, the building features a duplex-up owner's unit with high-end finishes and is located near the Southport Corridor and Burley school district. This asset type is multifamily, making it attractive for both investors and owner-occupants.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,605,000
• Units: 3
• Price Per Unit: $535,000
• Buyer’s Representative: John Corry - Exit Strategy Realty
• Seller’s Representative: Joseph Kotoch - Compass

John Corry of Exit Strategy Realty represented the buyer in this transaction, while Joseph Kotoch of Compass represented the seller. Their involvement facilitated the successful closing of this multifamily property transaction in the Chicago market.