Peak Properties Acquires Multifamily Property In Ukrainian Village, Chicago For $1.825M

April 29, 2022 - Peak Properties has acquired a multifamily property located at 2524 W Superior in the Ukrainian Village neighborhood of Chicago. The property, situated in the Smith Park area, offers a unique opportunity with its nine units and ample living space.

Summary of Transation Details:

• Property Type: Multifamily
• Transaction Amount: $1,825,000
• Units: 9
• Price per Unit: $202,778
• Square Footage: 11,000
• Price per Square Foot: $166
• Market: Ukrainian Village, Chicago

The property has been owned and occupied by the same family for over 90 years, showcasing its impeccable condition and historical significance. It features spacious layouts with multiple exposures and generously sized bedrooms. With its prime location on a tree-lined street predominantly occupied by single family residences, the property stands out as the largest multi-unit dwelling in the Smith Park neighborhood. Conveniently located just one block away from Smith Park, the property offers a serene and family-friendly environment.

Timothy Trezzo from Century 21 Affiliated represented the seller, OOR, in the transaction. On the buyer's side, Alexander Morsch from Peak Realty Chicago served as the representative for Peak Properties.

This acquisition by Peak Properties presents a unique opportunity for investment in the thriving Ukrainian Village market. With its rich history and exceptional condition, this property is sure to be a valuable addition to the buyer's portfolio.