Eloy Burciaga And John Krumsee Purchase Multifamily Properties For $6.7 Million In Chicago

The transaction involved the sale of two multifamily properties located in Chicago. The first asset is a 24-unit building situated at 4954 North Christiana Avenue, which sold for $4.5 million. The second asset, a 10-unit property at 4321-23 North Tripp Avenue, was sold for $2.2 million. The combined sale price totals $6,700,000 with a price per unit of $197,059, and both properties are fully leased. The marketplace for both assets is Chicago.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,700,000
• Buyer: Eloy Burciaga & John Krumsee
• Seller: HP Ventures Group
• Broker: Craig Martin - Interra Realty
• Units: 34
• Location of Properties: 4954 North Christiana Avenue and 4321-23 North Tripp Avenue
• Market: Chicago
• Price Per Unit: $197,059

Craig Martin represented both the seller, HP Ventures Group, and the buyers, Eloy Burciaga and John Krumsee in the transaction. The assets attracted significant interest with nearly 60 tours conducted and 15 offers received within a few weeks of being on the market.