Matthews Real Estate Investment Services Sells Chicago Multifamily Portfolio For $13.02M

A multifamily property portfolio in Chicago, IL has been sold for a total price of $13,020,000. The portfolio includes 14 properties located at 7851 S Indiana Ave, 8016 S Evans Ave, 7953 S Saint Lawrence Ave, 7942 S Champlain Ave, 8157 S King Dr, 8054 S Champlain Ave, 7801 S Indiana Ave, 8056 S Calumet Ave, 8059 S Vernon Ave, 8003 S Evans Ave, 7945 S Langley Ave, 8001 S Champlain Ave, 8005 S Champlain Ave, and 8019 S Champlain Ave. With a total of 230 units, the price per unit (PPU) is $56,609.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $13,020,000
• Units: 230
• Price Per Unit (PPU): $56,609
• Broker: Finley Askin - Matthews Real Estate Investment Services

Finley Askin from Matthews Real Estate Investment Services represented the parties involved in the transaction. The sale of the multifamily property portfolio showcases the robust real estate market in Chicago and the demand for residential investment opportunities in the area.