James Lowry & Janet Mayer Facilitate $1.225M Multifamily Sale In Chicago

The multifamily property located at 4724 North Troy Street in Chicago has been sold for $1,225,000. The property features a renovated 6-flat building with a total of 6 units. The units consist of five 2-bedroom units and one 1-bedroom unit, each equipped with their own laundry and metered utilities. With a total square footage of 6,996, the price per unit stands at $204,167 and the price per square foot at $175. The property offers an attractive opportunity for live-in or off-site investors, with potential for condo conversion. Its prime location near amenities such as the Brown Line, restaurants, shopping areas, parks, and Lake activities adds to its appeal.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,225,000
• Units: 6
• Square Footage: 6,996
• Price per Unit: $204,167
• Price per Square Foot: $175
• Address: 4724 North Troy Street, Chicago
• Market: Chicago

Representing the buyer in this transaction is James Lowry of JWL RealtyLLC, while the seller was represented by Janet Mayer of Re/Max Action. This deal presents an opportunity for both live-in and off-site investors, allowing for a range of possibilities such as potential condo conversion. The proximity of the property to various amenities and recreational facilities makes it an attractive investment option in the Chicago market.