James Hodur Represents Buyer In $1.375M Sale Of Joliet Multifamily Property

The 12-unit, all-brick multifamily building located at 512 Bellarmine Drive in Joliet was sold for $1.375 million. The property boasts long-term tenants and is managed by Derek Hackney of Steel City Real Estate. The management company is open to continuing its services under the new ownership.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,375,000
• Units: 12
• Price per Unit: $114,583
• Buyer's Representative: James Hodur - Coldwell Banker Commercial
• Seller's Representative: Derek Hackney - Steel City Real Estate and Property Management Services, Inc

James Hodur from Coldwell Banker Commercial represented the buyer in the acquisition of the multifamily property. On the other side of the negotiation was Derek Hackney of Steel City Real Estate, serving as the seller's representative.