Glangevlin Properties Acquires Woodlawn Multifamily For $785K

A nine-unit multifamily property located at 6107-6111 S. St Lawrence Ave in Woodlawn, Chicago has been sold for $785,000. The property is situated just one block south of Washington Park and The University of Chicago. It was listed for sale by local investor and broker representative Brian Mond from Essex Realty Group, Inc. After an extensive marketing campaign by Essex Realty, the property received 15 property tours and five offers. Ultimately, it was purchased by local investor Glangevlin Properties.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $785,000
• Units: 9
• Price per Unit: $87,222
• Market: Woodlawn, Chicago

This sale was facilitated by Brian Mond, the director of Essex Realty, who exclusively marketed the property. The sale attracted significant interest, indicating the demand for multifamily properties in the Woodlawn neighborhood. The transaction highlights the value of properties in close proximity to Washington Park and The University of Chicago, making it an appealing investment opportunity for local investors.