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5073 North Wolcott Avenue
SOLD

ICM Properties Acquires Multifamily Building In Chicago For $4.2M

5073 North Wolcott Avenue

MultiFamily
clock iconSold 154 days ago
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Summary

Sale
ILLINOIS
MultiFamily

An apartment building comprising 16 units was sold for $4,200,000 at 5073 North Wolcott Avenue in Chicago's Ravenswood neighborhood. The per-unit price stood at $262,500, reflecting strong investor interest in prime North Side locations.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,200,000
  • Address: 5073 North Wolcott Avenue
  • Market: Chicago
  • Buyer: ICM Properties
  • Seller: Not Provided
  • Broker: Joe Smazal - Interra Realty
  • Units: 16
  • Price per Unit: $262,500

Senior Managing Partner Joe Smazal represented both the buyer, ICM Properties, and the seller in the transaction, highlighting the successful facilitation of the $4.2 million deal. The sale transaction occurred in a lucrative market, demonstrating the attractiveness of multifamily assets in high-demand areas like Chicago's Ravenswood neighborhood.

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Joe Smazal's profile picture
Joe Smazal
Interra Realty-image
Senior Managing Partner
$366.1M Sold

Details

Deal Summary
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SOLD
IMAGE: Joe Smazal DATE: 02/22/2024 ADDRESS: 5073 North Wolcott Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER: ICM Properties (@ICMProperties) BROKER: Joe Smazal (@JSmazal) - Interra Realty (@InterraRealty) SALE PRICE: $4,200,000 UNITS: 16 ~ PPU: $262,500 NOTE: Interra Realty facilitated the $4.2 million sale of a 16-unit apartment building at 5073 N. Wolcott Avenue in Chicago's Ravenswood neighborhood, with a per-unit price of $262,500. Senior Managing Partner Joe Smazal represented both the buyer, ICM Properties, and the seller, emphasizing strong investor interest in prime North Side locations.

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Address5073 North Wolcott Avenue

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