Monarch Realty Partners Brokers $2.4M Sale Of Chicago Multifamily Property On 603 W. Stratford Place

Located at 603 W. Stratford Place in Chicago, this multifamily property was recently sold in a transaction facilitated by Bill Baumann from Monarch Realty Partners. The property consists of 12 units with a total of 8,500 square feet. The sale price for this property was $2,400,000, slightly below the original asking price of $2,500,000. The price per unit is approximately $200,000, while the price per square foot comes to $282.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,400,000
• Units: 12
• Price per Unit: $200,000
• Total Square Footage: 8,500
• Price per Square Foot: $282

This successful transaction highlights the expertise of Bill Baumann from Monarch Realty Partners, who represented the involved parties throughout the deal. With his experience and knowledge of the Chicago market, Bill played a pivotal role in the negotiation and closing of this multifamily property sale.