Chicago Metropolitan Housing Development Corporation Sells Multifamily Asset In Chicago For $1.6M

The asset involved in this transaction is a multifamily property located at 1401 West 80th Street & 7955 South Paulina Street in Chicago. The sale price of the property was $1,600,000, which corresponds to a price per unit of $57,143. The property features a total of 28 units and has a square footage of 23,475, resulting in a price per square foot of $68.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,600,000
• Address: 1401 West 80th Street & 7955 South Paulina Street
• Market: Chicago
• Units: 28
• Price Per Unit: $57,143
• Square Footage: 23,475
• Price Per Square Foot: $68
• Seller: Chicago Metropolitan Housing Development Corporation
• Broker Representatives: Robert Berman, Daniel Shabsin, Jeremy DeMarco & Joseph Kahlhammer - Essex Realty Group

The transaction involved key individuals from Essex Realty Group, specifically Robert Berman, Daniel Shabsin, Jeremy DeMarco, and Joseph Kahlhammer, who represented the seller throughout the deal process. This cooperative effort facilitated the successful sale of the multifamily asset within the Chicago market.