George Kokkonas Of 33 Realty Represents Unknown Buyer In $30.5M Sale In Alsip

A two-property multifamily portfolio in Alsip, a southern suburb of Chicago, has been sold for $30.5 million. The properties consist of the 156-unit Orchard Estates Apartments and the 144-unit Woodland Courts Apartments, both constructed in the early 1970s. The total square footage of the properties is not specified.

Summary of transaction details:

• Property Type: Multifamily portfolio
• Transaction Amount: $30,500,000.00
• Address: 4622 W 122nd St, Alsip, IL, 60803
• Market: Alsip
• Buyer’s Representative: George Kokkonas-33 Realty
• Seller’s Representative: Tara Mathew - Prime Equities Corp.

Sean Connelly and George Kokkonas of 33 Realty represented the New York-based buyer, who is planning to renovate and modernize the complexes. Tara Mathew of Prime Equities Corp. represented the undisclosed seller in this transaction.