606 Realty Acquires 34-Unit Multifamily Asset On North Christiana Avenue For $3.75M

The property asset involved in this transaction is a 34-unit apartment building located at 4901 North Christiana Avenue, Chicago. The sale price for the multifamily asset was $3,750,000, translating to a price per unit of $110,294. The property is 97% leased and comprises 33 studios and one one-bedroom unit, with 23 of the units having undergone recent updates.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $3,750,000
• Address: 4901 North Christiana Avenue
• Buyer: 606 Realty
• Seller: Mike Root - Root Realty
• Brokers: Joe Smazal & Patrick Kennelly - Interra Realty
• Units: 34
• Price Per Unit: $110,294

The deal featured key individuals including Mike Root from Root Realty, who represented the seller. The transaction was facilitated by Joe Smazal and Patrick Kennelly from Interra Realty, ensuring a smooth process for both the buyer and seller in this multifamily property acquisition.