Szczepan & David Zaleski Acquire 12-Unit Multifamily In Chicago For $1.76M

A multi-family property located at 7344-50 W Belmont Avenue in Chicago has been sold for a price of $1,760,000. The property consists of 12 units with an average price per unit of $146,667. It spans across an area of 4,600 square feet, resulting in a price per square foot of $383.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $1,760,000
• Units: 12
• Price Per Unit: $146,667
• Square Footage: 4,600
• Price Per Square Foot: $383
• Address: 7344-50 W Belmont Avenue, Chicago
• Market: Chicago
• Buyer: Szczepan & David Zaleski
• Seller: Peter D'Agostino
• Buyer's Representative: Artur Tobolski - Chicagoland Brokers
• Seller's Representative: Giancarlo Iannotta - Mo2 Properties

Giancarlo Iannotta of Mo2 Properties represented the seller, Peter D'Agostino, while Artur Tobolski of Chicagoland Brokers represented the buyers, Szczepan & David Zaleski. The sale of these 12 units near Belmont & Harlem Ave in Dunning generated significant interest, with multiple offers received within the first week. Ultimately, a parking lot, handshake deal sealed the agreement, achieving 99% of the asking price and setting a new benchmark for the area's largest multi-unit building sale in recent memory.