Nick Stocking & Drew Dillon Of Stocking Urban Acquire Multifamily Property In Chicago For $5.175M

The property asset involved in the transaction is a multifamily building located at 2000 North Milwaukee Avenue in Chicago's Logan Square neighborhood. The sale price was $5,175,000, with a total of 17 units, comprising 15 residential units and 2 retail spaces. The building spans 21,700 square feet, equating to a price per unit of $304,411 and a price per square foot of $238.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,175,000
• Units: 17
• Square Footage: 21,700
• Price Per Unit: $304,411
• Price Per Square Foot: $238
• Buyer: Nick Stocking & Drew Dillon - Stocking Urban
• Seller: Newcastle Investors
• Broker: Sean Connelly - 33 Realty

Nick Stocking and Drew Dillon represent Stocking Urban in this acquisition, emphasizing their strategic investment in a property that includes easy access to downtown through the Western CTA Blue line stop. The building's configuration, which consists of both residential and retail spaces along with parking, showcases its potential for diverse occupancy.