Stanley Kurowski Sells 6-Unit Multifamily Property On West North Avenue In Wicker Park For $1.45M

The mixed-use 6 unit building at 2155-57 West North Avenue in Wicker Park, IL has been sold for $1,450,000. The property consists of 4 residential units and 2 storefronts, offering a total of 3,888 square feet of space. With a price per unit (PPU) of $241,667 and a price per square foot (PPSF) of $373, this sale represents a transfer in ownership from one local investor to another. Notably, this transaction marks the first time in over 50 years that the property has changed hands.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,450,000
• Units: 6
• Price Per Unit (PPU): $241,667
• Square Footage: 3,888
• Price Per Square Foot (PPSF): $373

This prime corner double lot in the heart of Wicker Park offered an attractive investment opportunity, resulting in a successful deal. Represented by Elliot Small of roperties, the seller Stanley Kurowski entrusted the transaction to seasoned agents Elliot Small and Alexander Morsch, the buyer's representative from Peak Realty Chicago. Despite challenging lending conditions, Small and Morsch were able to navigate the complexities of the deal and bring it to a successful closing.