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Craig Robinson Acquires 42-Unit Multifamily Property From Pappas Family For $5.9M In Chicago

Property Image
SOLD
$5,900,000
John George
Joe Bianchi

Illinois

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Property Image
SOLD

Craig Robinson Acquires 42-Unit Multifamily Property From Pappas Family For $5.9M In Chicago

2245 West 111th Street

See Similar Deals
MultiFamily40,000 SF
Sold 05/30/2025
John George
Joe Bianchi
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$147
Total Square Footage:40,000 SF
Transaction Type:Sale

The asset involved in the transaction is a fully leased 42-unit mixed-use building located at 2245 West 111th Street in Chicago's Morgan Park neighborhood. The sale closed for $5,900,000, which equates to $140,476 per unit and a total square footage of 40,000, resulting in a price per square foot of $147.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,900,000
  • Address: 2245 West 111th Street
  • Market: Chicago
  • Units: 42
  • PPU: $140,476
  • SF: 40,000
  • PPSF: $147
  • Buyer: Craig Robinson
  • Seller: Pappas Family
  • Brokers: John George & Joe Bianchi - Kiser Group

Kiser Group brokers John George and Joe Bianchi represented both the buyer, Craig Robinson, and the seller, Pappas Family, in this transaction. The sale represents a record-breaking price per unit in the Morgan Park area.

Players

John George
Kiser Group
John George
2 deals$12.5M volume(773) 293-5056
BROKER
Joe Bianchi
Kiser Group
Joe Bianchi
2 deals$12.5M volume(773) 293-5023
BROKER

Details

SOLD
IMAGE: Joe Bianchi & John George DATE: 5/30/2025 ADDRESS: 2245 West 111th Street MARKET: Chicago ASSET TYPE: Multifamily BUYER: Craig Robinson SELLER: Pappas Family BROKERS: John George (@JohnGeorgemf) & Joe Bianchi - Kiser Group (@KiserGroup) SALE PRICE: $5,900,000 UNITS: 42 ~ PPU: $140,476 SF: 40,000 ~ PPSF: $147 NOTE FROM BROKER: Kiser Group brokers John George and Joe Bianchi represented both buyer and seller in the sale of 2245 W. 111th St, a fully leased 42-unit mixed-use building in Chicago's Morgan Park neighborhood. The deal closed for $5,900,000 (100% of list price) or $140,476/unit, this sale is a record-breaking price-per-unit in Morgan Park.

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