John Todd Sells Multifamily Properties At 44, 60 & 112 North Mason Avenue In Chicago For $2.325M

The property asset involved in this transaction is a multifamily portfolio located at 44, 60 & 112 North Mason Avenue and 150 North Mayfield Avenue in the Chicago market. The sale price was $2,325,000 for a total of 38 units, resulting in a price per unit of $61,184. The total square footage of the properties is 30,175, with a price per square foot of $77.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,325,000
• Units: 38
• Square Footage: 30,175
• Price Per Unit: $61,184
• Price Per Square Foot: $77
• Seller: John Todd
• Brokers: Robert Berman, Daniel Shabsin, Jeremy DeMarco & Joseph Kahlhammer - Essex Realty Group
• Transaction Date: 06/27/2024

The deal involved key individuals and companies, specifically the brokers representing the seller, who facilitated the transaction through their expertise in the multifamily market. The brokers included Robert Berman, Daniel Shabsin, Jeremy DeMarco, and Joseph Kahlhammer, all associated with Essex Realty Group, highlighting the collaboration of experienced professionals in managing this deal.