Brittany Bussell Properties Acquires North Park Multifamily In Chicago For $730,000

A multifamily property located at 5730 N Christiana in North Park, Chicago has been sold in a recent transaction. The property consists of 4 units with a total of 5,743 square feet. It was listed for a sale price of $675,000 and ultimately sold for $730,000. This translates to a price per unit of $182,500 and a price per square foot of $127.

Summary of Transation Details

• Property Type: Multifamily
• Transaction Amount: $730,000
• Address: 5730 N Christiana, North Park, Chicago
• Market: North Park, Chicago

Brittany Bussell represented the buyer in this transaction, while Mike Rasmussen and Kevin "K-Roc" Rocio represented the seller. It is worth noting that Kevin had previously purchased the property back in 2014. The challenge they faced was achieving the desired price target, which was higher than the last highest sale. To overcome this, they organized a day of tours and called for offers. Surprisingly, they received more than half a dozen offers at or above the list price. They requested best and final offers and countered them, resulting in a final sales price that exceeded the list price by $55,000.

This successful transaction demonstrates the expertise and negotiation skills of the involved parties. It also highlights the competitive nature of the market and the willingness of buyers to pay a premium for desirable properties.