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Block Property Group Acquires Multifamily Building In Chicago For $1.385M From Margret Rodrigues

Property Image
SOLD
$1,385,009

Illinois

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MultiFamily22,568 SF
Sold 06/20/2025
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Property Image
SOLD

Block Property Group Acquires Multifamily Building In Chicago For $1.385M From Margret Rodrigues

2154 West Arthur Avenue

See Similar Deals
MultiFamily22,568 SF
Sold 06/20/2025
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$61
Total Square Footage:22,568 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 2154 West Arthur Avenue in Chicago. The sale price was $1,385,000 for a well-preserved, 12-unit center-entrance brick walk-up building. The property boasts oversized floorplans and underutilized layouts, highlighting potential for reconfiguration and modernization.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,385,000
  • Units: 12
  • Price Per Unit (PPU): $115,417
  • Buyer: Block Property Group
  • Seller: Margret Rodrigues
  • Broker: Christian Arai - CRER (Chicago Real Estate Resources)
  • Sale Date: 6/20/2025
  • Market: Chicago

Christian K. Arai represented both the buyer and seller in this transaction, ensuring a smooth transfer of ownership. The deal reflects the continued interest in vintage Chicago buildings that offer strong potential for repositioning in the evolving real estate market.

Players

Christian K. Arai, CCIM
CRER (Chicago Real Estate Resources)
Christian K. Arai, CCIM
6 deals$12.9M volume(312) 523-4068
BROKER
CRER (Chicago Real Estate Resources)
CRER (Chicago Real Estate Resources)
BROKERAGE

Details

SOLD
IMAGE: Christian Arai DATE: 6/20/2025 ADDRESS: 2154 West Arthur Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER: Block Property Group SELLER: Margret Rodrigues BROKER: Christian Arai (@Christian.K.Arai) - CRER (Chicago Real Estate Resources) (@CRERChicago) SALE PRICE: $1,385,000 UNITS: 12 ~ PPU: $115,417 NOTE FROM BROKER: 2154–56 West Arthur Avenue was sold off-market after decades of long-term family ownership. This classic 12-unit, center-entrance brick walk-up has been remarkably well preserved, showcasing pride of ownership rarely seen in today’s market. While meticulously maintained, the building featured oversized floorplans and underutilized layouts—offering significant upside for thoughtful reconfiguration and modernization. Christian K. Arai represented both parties in the transaction, facilitating a seamless transfer of ownership that underscores the enduring appeal of vintage Chicago buildings with strong repositioning potential.

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