Drexel Properties Acquires Fully Renovated 12-Unit Apartment Building In Chicago For $3.25M

A fully renovated 12-unit apartment building located at 4016-18 N. Kenmore Avenue in Chicago's Buena Park neighborhood has been sold for $3.25 million. The property, represented by Interra Realty brokers Joe Smazal, Patrick Kennelly, and Paul Waterloo, attracted multiple offers within a week due to its full occupancy, proximity to Wrigley Field, and high-end finishes. The sale achieved a price per unit of $270,833.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,250,000
• Address: 4016 North Kenmore Avenue, Chicago
• Market: Chicago
• Buyer: Jeff Weinberg - Drexel Properties
• Brokers: Joe Smazal, Patrick Kennelly, and Paul Waterloo - Interra Realty
• Units: 12
• Price Per Unit: $270,833

This successful transaction highlighted the attractive features of the property, including its full occupancy, prime location near Wrigley Field, and high-quality finishes. The involvement of Interra Realty brokers Joe Smazal, Patrick Kennelly, and Paul Waterloo ensured a smooth and efficient sale process.