The asset involved in this transaction is a fully leased 16-unit apartment building located at 6254 North Whipple Street in Chicago's West Ridge neighborhood. The property was sold for $3,150,000, equating to a price per unit of $196,875. The seller of this asset had previously acquired it for $1,800,000 in 2023 and completed major renovations, resulting in a significant increase in the property's value over two years.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $3,150,000
• Units: 16
• Price Per Unit: $196,875
• Broker: Brad Feldman - Interra Realty

Brad Feldman represented the transaction through Interra Realty, facilitating the sale of the property managed by a seller who successfully enhanced the asset's market value after extensive renovations.