Jessie Hofstra And Melissa Tracy Purchase 13 Unit Multifamily Property From Chikoo Patel For $1.07M

The property involved in this transaction is a multifamily asset located at 7658 South Marquette Avenue in Chicago. It consists of 13 units and spans a total of 12,321 square feet. The sale price for the property was $1,070,000, resulting in a price per unit of $82,307 and a price per square foot of $86.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,070,000
• Units: 13
• Square Footage: 12,321
• Price Per Unit: $82,307
• Price Per Square Foot: $86
• Buyer: Jessie Hofstra & Melissa Tracy
• Seller: Chikoo Patel
• Buyer's Representative: John Morelli - INSIGNIA Financial Services LLC
• Seller's Representatives: Aaron Sklar & Noah Birk - Kiser Group

The sale was facilitated by Aaron Sklar and Noah Birk from Kiser Group, who represented both the buyer and seller in this transaction, ensuring a favorable outcome for all parties involved. Financing for the acquisition was arranged by John Morelli of INSIGNIA Financial Services LLC.