Out Of State Investor Acquires Multifamily Property In Auburn Gresham, Chicago For $1.65M

The Multifamily property located at 7752 S. Racine in Auburn Gresham, Chicago was recently sold in a transaction on 03/30/2021. The property consisted of 41 units, and the sale price was recorded at $1,650,000, resulting in a per-unit price of $40,244. The buyer in this transaction was an Out of State Investor, while the seller was IBF Group. The deal was facilitated by brokers Aaron Sklar and Noah Birk from an undisclosed agency.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,650,000
• Number of Units: 41
• Price Per Unit: $40,244

This transaction showcases the successful collaboration between the buyer, an Out of State Investor, and the seller, IBF Group. The brokers, Aaron Sklar and Noah Birk, played a pivotal role in facilitating the deal, ensuring a smooth transaction for all parties involved.