Blake Talbott & Reed Chamberlin Acquire Multifamily Property In Auburn Gresham, Chicago For $410K

A multifamily property located at 7700 S Peoria St in Auburn Gresham, Chicago was recently sold in an off-market deal. The property consists of six units with a total square footage of 10,000. The sale price for this transaction was $410,000, which translates to a price per unit of $68,333. The price per square foot for the property is $41, which is relatively high compared to similar multifamily properties in the area.

Summary of transaction details:

• Property Type: Multifamily
• Date: 06/17/2022
• Market: Auburn Gresham, Chicago
• Buyer: Blake Talbott & Reed Chamberlin
• Seller: Anderson Krahn
• Broker: Brian Mond - Essex Realty Group Inc.

This off-market deal attracted attention due to the high price per unit that was achieved. With a price of $68,333 per unit, this transaction exceeded the average for similar multifamily properties in the market. Despite not being listed publicly, the property managed to secure a significant sales price.