1319 West Sherwin Condominium Sells In Chicago Multifamily Sale For $3.5M

The 1319-1327 W. Sherwin Avenue multifamily property in Chicago was recently sold in a closed transaction. The sale took place on November 23, 2020, with a sale price of $3,500,000. This Section 15 deconversion sale involved the seller, 1319 West Sherwin Condominium. The property consists of 28 units, with an average price per unit (PPU) of $125,000. The property is located in the Chicago market, offering great investment potential.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $3,500,000
• Address: 1319-1327 W. Sherwin Avenue, Chicago
• Seller: 1319 West Sherwin Condominium - Section 15 deconversion sale
• BROKERS: Andy Friedman, Jake Parker, Danny Logarakis, & Rick Ofman - Kiser Group
• Units: 28
• PPU: $125,000

The deal was facilitated by Kiser Group, with brokers Andy Friedman, Jake Parker, Danny Logarakis, and Rick Ofman representing the seller. This team played a crucial role in the successful completion of the transaction.