Brian Mond And Sean Connelly Of 33 Realty Facilitate Sale Of Chicago Multifamily Portfolio For $7M

The transaction involved a three-building distressed REO portfolio located at 6701 South Merrill Avenue, 6715 South Paxton Avenue, and 6755 South Paxton Avenue in the Chicago market. The total sale price was $7,000,000, encompassing 144 units within a combined square footage of 95,337. The price per unit amounted to $48,611, and the price per square foot was $73.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,000,000
• Units: 144
• Square Footage: 95,337
• Price Per Unit: $48,611
• Price Per Square Foot: $73
• Brokers: Brian Mond & Sean Connelly - 33 Realty
• Date of Sale: 07/27/2026

Brian Mond and Sean Connelly of 33 Realty represented the successful transaction, navigating a complex process to find a suitable buyer capable of revitalizing the three distressed buildings. Their efforts included extensive marketing, buyer outreach, and negotiations, aiming to secure a buyer committed to significant renovations and overall redevelopment of the portfolio.