Szczepan Zaleski Purchases MultiFamily Property From Peter D'Agostino For $1.76M In Chicago

The asset involved in the transaction is a multi-family property located at 7344-50 W Belmont Avenue in Chicago. The sale price was $1,760,000 for a total of 12 units, with a price per unit of $146,667. The total square footage of the property is 4,600, 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
• Buyer: Szczepan Zaleski
• Seller: Peter D'Agostino
• Buyer's Representative: Artur Tobolski - Chicagoland Brokers
• Seller's Representative: Giancarlo Iannotta - Mo2 Properties

Notably, the transaction featured multiple showings and offers within the first week, highlighting the demand for the property. The seller's representative noted that a handshake deal between the buyer and seller finalized the transaction, achieving 99% of the asking price and marking a significant event in the area’s multi-unit building sales history.