Allison Jorges & Travis Johnson Acquire Multifamily Property On W Superior St In Chicago For $1.31M

The multifamily property located at 1508 W Superior St in Chicago's West Town neighborhood has been sold. The transaction took place on September 14, 2021, with a sale price of $1,310,000. The property consists of 3 units, offering an average price per unit (PPU) of $436,667. The total square footage of the property is 5,200, resulting in a price per square foot (PPSF) of $251.92.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,310,000
• Address: 1508 W Superior St, Chicago - West Town
• Market: Chicago - West Town
• Units: 3
• PPU: $436,667
• Square Footage: 5,200
• PPSF: $251.92

The buyer of the property is Allison Jorges and Travis Johnson, while the seller is The Cynthia Zahn Pierpaoli Trust. The deal was facilitated by brokers Chelsea Gideon, Kevin Rocio, and Nate Grill of ROC Advisory Group. Chelsea Gideon, representing the Melissa Siegal Group at @properties, played a crucial role in underwriting, determining the purchase price, handling tours, inspections, and appraisal processes. The transaction showcases successful collaboration between brokers to ensure the client receives the best deal.

Note: Prior to finalizing the purchase of 1508 W Superior St, the buyers had explored several commercial properties but encountered issues with deferred maintenance. Ultimately, with the assistance of ROC Advisory Group and Chelsea Gideon, they identified this property as the ideal investment.