Essex Realty Group Brokers Sell Chicago Multifamily Property For $2.15M

The property involved in this transaction is a MultiFamily asset located at 7748 South Kingston Avenue in the Chicago market. The sale took place on 08/07/2023 for a total price of $2,152,500. The property consists of 34 units, with a price per unit (PPU) of $63,309. The total square footage of the property is 19,950, with a price per square foot (PPSF) of $108.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $2,152,500
• Units: 34
• Price per Unit (PPU): $63,309
• Square Footage: 19,950
• Price per Square Foot (PPSF): $108
• Address: 7748 South Kingston Avenue, Chicago

The brokers involved in this transaction were Brian Mond and Joseph (Joe) Kahlhammer from Essex Realty Group. These brokers played a pivotal role in facilitating the sale of this MultiFamily property. Their expertise and negotiation skills contributed to the successful completion of the deal.