A fully updated 4-unit multifamily property located at 2537 North Wayne Avenue in Chicago’s Lincoln Park has been sold for $1,605,000. Each unit was priced at $401,250. The property consists of high-demand rental units with modern amenities, generating $155,000 in gross rental income.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,605,000
• Units: 4
• Price Per Unit: $401,250
• Address: 2537 North Wayne Avenue
• Market: Chicago
• Buyer's Representative: Daniel Xia - Compass
• Seller's Representatives: James Gramata & Michael McCoy - Christie's International Real Estate

The transaction was facilitated by Daniel Xia representing the buyer from Compass, while the seller was represented by James Gramata and Michael McCoy from Christie's International Real Estate. The property serves as a turnkey building in a desirable rental market.