Paul Cawthon & Angelo Labriola Of SVN Facilitate $3.4M Sale Of Multifamily Building In Chicago's Pilsen Area

An 11-unit apartment building located at 1800 S. Carpenter St. in Chicago's Pilsen neighborhood was sold for $3,400,000. The transaction was facilitated by SVN Chicago Commercial, with Paul Cawthon and Angelo Labriola of SVN representing both the buyer and seller. The out-of-state buyer secured a Freddie Mac Small Balance Loan for the purchase.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,400,000
• Address: 1800 South Carpenter Street
• Market: Chicago
• Brokers: Paul Cawthon & Angelo Labriola - SVN
• Units: 11
• Price Per Unit: $309,091

The sale also involved the out-of-state buyer obtaining the Freddie Mac Small Balance Loan (SBL) for the purchase, showcasing the financial aspect behind the successful acquisition of the property.