Alex Pappas Purchases 8-Unit Multifamily Property At 1507 W Bryn Mawr Avenue For $3M

A multifamily asset located at 1507 West Bryn Mawr Avenue in Chicago has been sold for $3,000,000. The property consists of 8 units and offers a total square footage of 8,450, resulting in a price per unit of $375,000 and a price per square foot of $355.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $3,000,000
• Units: 8
• Address: 1507 West Bryn Mawr Avenue
• Market: Chicago
• Buyer: Alex Pappas
• Seller: Gabe Horstick
• Buyer's Representative: Joe Smazal - Interra Realty
• Seller's Representative: Reed Meyer - Base 3 Properties

The transaction was facilitated by Reed Meyer representing the seller, Gabe Horstick, while Joe Smazal represented the buyer, Alex Pappas. This deal reflects the ongoing demand from investors for stabilized assets in strong North Side rental markets.