Compass Brokers Seal $1.05M Deal For Multifamily Property In Chicago

A classic Greystone building at 1408 West Belle Plaine Avenue in Chicago was sold for $1,050,000. The property features three spacious apartments with vintage details, separate living rooms and dining rooms, updated kitchens, and enclosed rear porches. It offers potential for owner occupancy, rental income, or conversion to a single-family home, with opportunities to expand or modify the units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,050,000
• Units: 3
• Price Per Unit: $350,000
• Address: 1408 West Belle Plaine Avenue
• Market: Chicago

Megan Honda, Susanna Cherubin-Delisi, and Michael Decker of Compass represented the transaction.