Local Private Buyer Acquires Two Norwood Park & Edison Park Apartment Buildings For $2M

A local private buyer has acquired two Chicago apartment buildings located at 6024 North Navarre Avenue and 6745 North Olmsted Avenue. The properties, situated in Norwood Park and Edison Park, are well-known for their convenient location and close proximity to public transit. The multifamily buildings have a total of 13 units, with an average price per unit of $153,846. The sale price for the two buildings amounted to $2,000,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,000,000
• Address: 6024 North Navarre Avenue & 6745 North Olmsted Avenue
• Market: Norwood Park & Edison Park, Chicago
• Brokers: Patrick Kennelly, Paul Waterloo, and Joe Smazal - Interra Realty
• Units: 13
• Price per Unit: $153,846

Prominent brokers involved in the transaction were Patrick Kennelly, Paul Waterloo, and Joe Smazal from Interra Realty. They played a significant role in facilitating the deal between the buyer and the seller, leveraging their expertise in the local real estate market and brokering a successful transaction.