An undisclosed local buyer has purchased a 31-unit apartment building in Chicago's South Shore neighborhood for a total price of $2.58 million. The property, located at 6949-6959 South Merrill Avenue, is a multifamily asset. At the time of the sale, the building was approximately 90% occupied.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,580,000
• Units: 31
• Price Per Unit: $83,226
• Market: Chicago

The $2.58 million sale of the apartment building in Chicago's South Shore neighborhood was brokered by Interra Realty. The buyer, represented by Max Grossman, was an undisclosed local entity. On the other hand, the seller, an East Coast-based private investor, was represented by Joe Smazal and Lucas Fryman from Interra Realty.