Zhen Hu Acquires Multifamily Property In Chicago From Tyler Horken For $960,000

The property asset involved in this transaction is located at 8000 South Hermitage Avenue in Chicago, which is categorized as a multifamily asset. The sale price of the property was $960,000, comprising 12 units. The total square footage of the asset is 10,620, resulting in a price per unit of $80,000 and a price per square foot of $90.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $960,000
• Units: 12
• Square Footage: 10,620
• Price Per Unit: $80,000
• Price Per Square Foot: $90
• Buyer: Zhen Hu
• Seller: Tyler Horken
• Brokers: Robert Berman & Michael Anguiano - Nara Realty Advisors

The deal was facilitated by brokers Robert Berman and Michael Anguiano, who are representatives from Nara Realty Advisors, overseeing the transaction for both the buyer, Zhen Hu, and the seller, Tyler Horken. Their involvement played a crucial role in securing the deal in the Chicago market.