Essex Realty Group Brokers Sale Of 42-Unit Multifamily Property In Chicago For $2.5M

The multifamily property located at 6801-6811 South Michigan Avenue in Chicago was recently sold for a total price of $2,500,000. This property consists of 42 units, resulting in a per unit price of approximately $59,523.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,500,000
• Units: 42
• Price Per Unit: $59,523
• Broker: Joseph Kahlhammer - Essex Realty Group

Joseph Kahlhammer from Essex Realty Group represented the parties involved in this sale transaction. The property is situated in the Chicago market, making it an attractive investment opportunity in the multifamily sector.