Steven Jurgens Of 312 Estates LLC Represents Buyer In Sale Of Chicago Multifamily Property For $1.3M

A renovated three-unit multifamily property located at 2729 North Magnolia Avenue in Chicago sold for $1,299,000. The asset features a two-car garage and a coach house, which includes a two-bedroom simplex, a three-bedroom duplex, and a two-bedroom unit with rents below market rates due to long-term tenants.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,299,000
• Units: 3
• PPU: $433,000
• Buyer's Representative: Steven Jurgens - 312 Estates LLC
• Seller's Representatives: Eudice Fogel & Jayme Slate - Compass
• Date of Sale: 07/29/2024
• Market: Chicago

This transaction involved key players in the real estate market, with Steven Jurgens representing the buyer through 312 Estates LLC, while Eudice Fogel and Jayme Slate represented the seller with their affiliation to Compass.