Frank Lin Acquires Multifamily Property In Chicago For $1.25M

5471 South Ridgewood Court in Chicago sold for $1,250,000, featuring six updated 2-bedroom, 1-bathroom units. Located in Hyde Park, the all-brick building offers modern amenities, a 6.5% NET CAP return, and is situated near the University of Chicago, making it an attractive investment opportunity.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,250,000
• Units: 6
• Price Per Unit: $208,333
• Square Footage: 5,754
• Price Per Square Foot: $217
• Address: 5471 South Ridgewood Court
• Market: Chicago

The buyer's representative for the transaction was Frank Lin from Everbright EnterpriseInc, while the seller's representatives were Andrew Northrup & Michael Shenfeld from Jameson Sotheby's International Realty.