Carrie McCormick & Stacy Karel Facilitate $1.315M Chicago Multifamily Sale

In Chicago's Avondale neighborhood, a 3-flat brick building located at 2741 North Drake Avenue was sold for $1,315,000. Each unit in the building was priced at approximately $438,333. The property underwent a renovation in 2014 and features a first-floor duplex with 4 bedrooms, 3 baths, a spacious family room with a wet bar and office, as well as units 2 and 3 with 3 bedrooms and 2 baths. All units come with hardwood floors, granite counters, stainless steel appliances, ample closets, and in-unit laundry. Additionally, the property offers 3 storage rooms in the basement and a 4-car parking pad.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,315,000
• Units: 3
• Price Per Unit: $438,333
• Address: 2741 North Drake Avenue, Chicago
• Brokers: Carrie McCormick & Stacy Karel, @properties Christie's International Real Estate

Carrie McCormick and Stacy Karel of @properties Christie's International Real Estate represented the property in the transaction. The first-floor duplex boasts a spacious family room with a wet bar and office, while units 2 and 3 offer 3 bedrooms and 2 baths each. The property also includes hardwood floors, granite counters, stainless steel appliances, ample closets, in-unit laundry, 3 storage rooms in the basement, and a 4-car parking pad.