Michael Scanlon Acquires Lakeview Multifamily For $1.52M

A multifamily property located at 845 W Newport Ave in Lakeview, Chicago has been sold in a recent transaction. The property, spanning 4,600 square feet, features 3 units. The sale price for this asset was $1,522,000, resulting in a price per unit of $507,333 and a price per square foot of $330. The transaction took place on April 1, 2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,522,000
• Address: 845 W Newport Ave, Lakeview, Chicago
• Units: 3
• Square Footage: 4,600
• Price per Unit: $507,333
• Price per Square Foot: $330

The buyer of the property was Michael Scanlon, while the sellers were Byung Pak and Sung Kim. Michael Scanlon from eXp Realty represented himself as the buyer's agent in the deal, and Julie Chesne from Compass served as the listing agent.