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4016 North Kenmore Avenue
SOLD

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

4016 North Kenmore Avenue

MultiFamily
clock iconSold 158 days ago
Paul Waterloo
Patrick (Pat) Kennelly
Joe Smazal
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Summary

Sale
ILLINOIS
MultiFamily

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.

Players

  • All

    4

  • Agents

    3

  • Agencies

    1

Paul Waterloo's profile picture
Paul Waterloo
Interra Realty-image
Director
$255.7M Sold
Joe Smazal's profile picture

Details

Deal Summary
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SOLD
IMAGE: Jeff Weinberg, Joe Smazal, Paul Waterloo & Patrick Kennelly DATE: 02/08/2024 ADDRESS: 4016 North Kenmore Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER: Jeff Weinberg - Drexel Properties (@DrexelProperties) BROKERS: Joe Smazal (@JSmazal), Patrick Kennelly (@PJK8877) & Paul Waterloo (@PWaterloo) - Interra Realty (@InterraRealty) SALE PRICE: $3,250,000 UNITS: 12 ~ PPU: $270,833 NOTE: Interra Realty brokers the $3.25 million sale of a fully renovated 12-unit apartment building at 4016-18 N. Kenmore Avenue in Chicago's Buena Park neighborhood, achieving a price per unit of $270,833. The deal, represented by Interra's Joe Smazal, Patrick Kennelly, and Paul Waterloo, involved buyer Drexel Properties and a private investor, showcasing the property's full occupancy, proximity to Wrigley Field, and high-end finishes which attracted multiple offers within a week.

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Address4016 North Kenmore Avenue

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