MultiFamily Asset At 2501 North Southport Avenue Sold For $3.4 Million In Chicago

The transaction involved the sale of an eight-unit apartment building located at 2501 North Southport Avenue in Chicago's Lincoln Park. The property was sold for $3.4 million and consists of four two-bedroom units and four three-bedroom units, totaling a price per unit of $425,000. The building, constructed in 1907, was fully occupied at the time of sale and includes nine parking spaces.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $3,400,000
• Units: 8
• Price Per Unit: $425,000
• Address: 2501 North Southport Avenue
• Market: Chicago

The deal was brokered by Interra Realty, with key representatives including Brad Feldman, Colin O'Malley, Joe Smazal, and Mark Dykstra. The property had undergone redevelopment prior to the sale, enhancing its market appeal.