California Investor Acquires 8-Unit Multifamily Asset In South Chicago For $625K

The multifamily property located at 8041 S. Manistee in Chicago was recently sold for $625,000. This 8-unit asset offers exceptional value, with a price per unit of $78,125, which is the highest in the South Chicago Submarket for a multifamily property in the past decade. The total square footage of the property is 13,387, resulting in a price per square foot of $47.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $625,000
• Market: Chicago
• Address: 8041 S Manistee
• Units: 8
• Price per Unit: $78,125
• Total Square Footage: 13,387
• Price per Square Foot: $47
• Broker: Jason York - Multifamily Investment Advisors

This successful transaction was facilitated by Jason York of Multifamily Investment Advisors. He negotiated with more than a dozen potential buyers and advised the seller in selecting the California Investor who ultimately purchased the property. The collaboration between Multifamily Investment Advisors and Mo Hall CRE, represented by Moses Hall, contributed to the smooth completion of the deal. Congratulations to Jason and Moses for their commendable work.