Allen Belletti Acquires Multifamily Property In Chicago For $3.5M

The multifamily property located at 7235-7245 S Jeffery Blvd in Chicago, IL has been sold for a price of $3,500,000. The property consists of 52 units, with a price per unit of $67,308. The total square footage of the property is 58,024, resulting in a price per square foot of $60. The transaction took place on 11/09/2022 between the buyer, Allen Belletti, and the seller, Jeff Drawdy.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,500,000
• Address: 7235-7245 S Jeffery Blvd, Chicago, IL
• Market: Chicago, IL
• Units: 52
• Price per Unit: $67,308
• Square Footage: 58,024
• Price per Square Foot: $60

Aeraj Patel, Finley Askin, and Jimmy Donahue from Matthews Real Estate Investment Services represented the buyer and seller in this transaction.

Aeraj Patel provided the financing for the buyer, Allen Belletti.