Timothy Ryan & Jordan Friedman Close $1.125M Sale Of Chicago Multifamily

1444 North Maplewood Avenue in Chicago was sold for $1,125,000, featuring a six-unit vintage greystone walk-up in the East Humboldt Park neighborhood. The property comprises spacious 2-bedroom, 1-bathroom apartments with updated kitchens and bathrooms in most units, central heat, individual water heaters, and potential for rental increases with further modernization. Additional opportunities include adding central air conditioning and in-unit laundry.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,125,000
• Units: 6
• Price Per Unit: $187,500
• Square Footage: 5,052
• Price Per Square Foot: $223
• Address: 1444 North Maplewood Avenue
• Market: Chicago

Timothy Ryan of Timothy Ryan Properties Commercial represented the buyer in the transaction, while Jordan Friedman of Landstar Realty Group acted as the seller's representative.