James Oppenheimer Of New City Property Management Acquires Property In Chicago With Seller's Rep Andrean Angelov

The property involved in this transaction is located at 7100 S South Shore Dr, Chicago, IL, within the Chicago market. It consists of a 164-unit multifamily building, constructed in 1923. The property has undergone recent modernization, incorporating amenities such as Amazon Hub Lockers, gated parking, and a fitness center.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Address: 7100 S South Shore Dr, Chicago, IL
• Market: Chicago
• Seller's Representative: Andrean Angelov - Marcus & Millichap
• Buyer: James Oppenheimer of New City Property Management
• Seller: Morgan Properties
• Units: 164

This transaction was facilitated by senior managing director Ryan Engle, along with SVP Andrean Angelov and associate Zack Mahoney, who represented the seller. The buyer, James Oppenheimer, has plans to update common areas, including the renovation and repurposing of the building's vacant ballroom.