Aaron Sklar, Noah Birk & Dan Gonzalez Acquire Multifamily Property In Chicago For $2.4M

1846 South Loomis Street is an 18,000 square foot multifamily property located in Chicago's Pilsen neighborhood. The property comprises sixteen fully leased units and was sold for $2,425,000, equating to approximately $151,563 per unit. The building features large-sized units that were renovated twenty years ago from a cold storage facility, including upgraded kitchens, bathrooms, separate HVAC systems, and laundry hookups.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,425,000
• Units: 16
• Price Per Unit: $151,563
• Square Footage: 18,324
• Price Per Square Foot: $132
• Address: 1846 South Loomis Street, Chicago
• Market: Chicago

The sale of 1846 South Loomis Street was facilitated by the brokerage team of Greenstone Partners, with Jason St. John and Jordan Multack representing both the seller, a Chicago-based private investor, and the buyer, a private local investment group. Greenstone Partners executed an exclusive marketing strategy that garnered significant interest, leading to over 20 property tours and multiple competing offers.