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

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SOLD
$1,825,000

Illinois

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MultiFamily11,000 SF
Sold 04/29/2022
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SOLD

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

2524 West Superior Street, Chicago, Illinois 60612, United States

See Similar Deals
MultiFamily11,000 SF
Sold 04/29/2022
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$165
Total Square Footage:11,000 SF
Transaction Type:Sale

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.

Players

Alexander Morsch
9 deals$25M volume
BROKER

Timothy Trezzo
Century 21
1 deal$1.8M volume
BROKER

Details

SOLD
IMAGE: Alexander Morsch DATE: 04/29/2022 ADDRESS: 2524 W Superior MARKET: Ukrainian Village, Chicago ASSET TYPE: Multifamily BUYER: Peak Properties SELLER: OOR BUYER'S REP: Alexander Morsch (@ActuallyGoodRealEstate) - Peak Realty Chicago (@PeakRealtyChicago) SELLER'S REP: Timothy Trezzo - Century 21 Affiliated SALE PRICE: $1,825,000 UNITS: 9 ~ PPU: $202,778 SF: 11,000 ~ PPSF: $166 NOTE FROM BROKER: A pristine one-of-a kind nine unit property in Smith Park/Ukrainian Village. This property was owned and lived in by the same family for over 90 years. Its condition was impeccable and unlike anything I have ever seen hit the market. It features large unique layouts with multiple exposures and generous bedroom sizes. This is the largest multi-unit property in the Smith Park neighborhood and sits on a tree-lined street with mostly single family residences, one block from Smith Park. Alex Morsch- Peak Realty Chicago [email protected] 312.720.3404

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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