SOLD
Interra Realty Brokers $2.58M Sale Of 31-Unit South Shore Apartment Building In Chicago
6949-6959 South Merrill Avenue
MultiFamily
Sold 134 days ago
Summary
Sale
ILLINOIS
MultiFamily
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.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Joe Smazal, Lucas Fryman & Max Grossman
DATE: 12/20/2023
ADDRESS: 6949-6959 South Merrill Avenue
MARKET: Chicago
ASSET TYPE: Multifamily
BROKERS: Joe Smazal (@JSmazal), Lucas Fryman (@LFrydaddy) & Max Grossman (@MaxGrossman__) - Interra Realty (@InterraRealty)
SALE PRICE: $2,580,000
UNITS: 31 ~ PPU: $83,226
NOTE: Interra Realty brokered the $2.58 million sale of a 31-unit apartment building in Chicago's South Shore neighborhood, achieving $83,225 per unit. The undisclosed local buyer was represented by Max Grossman, while the seller, an East Coast-based private investor, was represented by Joe Smazal and Lucas Fryman; the property was approximately 90% occupied at the time of sale.View on map
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Address6949-6959 South Merrill Avenue
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