facebook
Traded Co logo
Submit a Deal
1858 South Springfield Avenue
SOLD

Interra Realty Facilitates $1.3M Sale Of Multifamily Property In Chicago's Lawndale Neighborhood

1858 South Springfield Avenue

MultiFamily
clock iconSold 76 days ago
Ted Stratman
Lucas Fryman
the dealplayerscompscontact
share iconContact now

Summary

Sale
ILLINOIS
MultiFamily

An apartment building consisting of 13 units located at 1858 South Springfield Avenue in Chicago was sold for $1.3 million. Each unit was sold for $105,000, resulting in a per unit price of $100,000. The property is situated in Chicago's Lawndale neighborhood and offers the buyer a strategic opportunity for upgrades and rent increases, given its proximity to transit options.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Units: 13
  • Address: 1858 South Springfield Avenue
  • Market: Chicago

Interra Realty facilitated the sale of the 13-unit apartment building, with the seller being Brilliant Future LLC. The deal was brokered by Lucas Fryman and Ted Stratman from Interra Realty. Lucas Fryman, representing the buyer, intends to enhance the property and capitalize on its location to improve rental income.

Players

  • All

    3

  • Agents

    2

  • Agencies

    1

Ted Stratman's profile picture
Ted Stratman
Interra Realty-image
Managing Partner
$188.4M Sold
Lucas Fryman's profile picture

Details

Deal Summary
minus icon
SOLD
IMAGE: Lucas Fryman & Ted Stratman DATE: 03/07/2024 ADDRESS: 1858 South Springfield Avenue MARKET: Chicago ASSET TYPE: Multifamily SELLER: Brilliant Future LLC BROKERS: Lucas Fryman (@LFrydaddy) & Ted Stratman (@TStratman) - Interra Realty (@InterraRealty) SALE PRICE: $1,300,000 UNITS: 13 ~ PPU: $100,000 NOTE: Interra Realty brokered the $1.3 million sale of a 13-unit apartment building in Chicago's Lawndale neighborhood, with each unit selling for $105,000. The buyer, represented by Interra's Lucas Fryman, plans to upgrade the property and increase rents, taking advantage of its proximity to transit options.

View on map

Loading...

Address1858 South Springfield Avenue

Comparables

No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want