Washington & Hyde Park Properties, LLC Sells 6-Unit Multifamily Property In Woodlawn, Chicago For $1.66M With Nate Gautsche As Seller's Rep

Located at 6103 S University Ave in Chicago, IL, this multifamily property recently closed in a sale transaction. The property consists of 6 units, offering a total of 11,960 square feet of space. The sale price for this investment property was $1,665,000, resulting in a price per unit (PPU) of $277,500. The price per square foot (PPSF) was $139. This sale sets a new record for the highest ever sales price per unit in the Woodlawn neighborhood of Chicago (Source: Costar & MLS).

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,665,000
• Address: 6103 S University Ave, Chicago, IL
• Market: Chicago, IL
• Units: 6
• Price per Unit: $277,500
• Total Square Feet: 11,960
• Price per Square Foot: $139

Nate Gautsche, representing CRER, played a key role in this transaction as the listing broker. Nate's expertise and relationships in the Woodlawn neighborhood allowed him to secure multiple offers, both locally and from out of state, within the first 30 days of listing the property. This successful sale adds to Nate's impressive track record in Woodlawn, marking his 8th transaction in the area. It is worth noting that this deal follows another record-setting sale earlier this year at 6100 S. Drexel, which is set to bring the largest market rate multifamily development to Woodlawn in over 50 years.