Jeremy Morton Of Interra Realty Brokers Sale Of 24-Unit Multifamily Portfolio In Chicago For $5.1M

The sale involves a multifamily portfolio located at 2156 and 2158 West 21st Street in Chicago, which comprises 24 fully occupied units. The properties, constructed in 1893 and renovated in 2023, offer one- to three-bedroom layouts featuring modern kitchens, in-unit laundry, and updated bathrooms. The sale price was $5,100,000, resulting in a price per unit of $212,500, and the assets are situated in the Pilsen neighborhood, close to various transit, dining, and cultural amenities.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,100,000
• Units: 24
• Price per Unit: $212,500
• Address: 2156 & 2158 West 21st Street
• Market: Chicago

This transaction was brokered by Jeremy Morton of Interra Realty, who represented the sale of the multifamily properties in Chicago. The firm facilitated the deal, highlighting the attractive characteristics of the portfolio and its location in a vibrant neighborhood.