SOLD
Lincoln Park Property Sold In Chicago For $2.15M With Buyer's Rep Owen Duffy & Seller's Rep Sophia Klopas
862 West Lill Avenue
MultiFamily
Sold 242 days ago
Summary
Sale
ILLINOIS
MultiFamily
A Lincoln Park property located at 862 West Lill Avenue in Chicago has recently been sold for $2,150,000. The property offers the potential for an 8-unit condo deconversion or new construction on a double lot with RT-4 zoning. The lot is 50x125 in size, providing ample space for development. Currently, the property generates $141,600 in annual rent.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $2,150,000
- Address: 862 West Lill Avenue, Chicago
- Market: Chicago
Owen Duffy from Fulton Grace Realty represented the buyer in this transaction. On the seller's side, Sophia Klopas and Christopher Johnson, both from Berkshire Hathaway HomeServices Chicago, served as the representatives. With their expertise and negotiation skills, the deal was successfully finalized.
Players
All
5
Agents
3
Agencies
2
Details
SOLD
IMAGE: Christopher Johnson, Owen Duffy & Sophia Klopas
DATE: 08/18/2023
ADDRESS: 862 West Lill Avenue
MARKET: Chicago
ASSET TYPE: MultiFamily
BUYER'S REP: Owen Duffy - Fulton Grace Realty
SELLER'S REP: Sophia Klopas (@Sophialeek) & Christopher Johnson - Berkshire Hathaway HomeServices Chicago
SALE PRICE: $2,150,000
UNITS: 8 ~ PPU: $268,750
NOTE: A Lincoln Park property at 862 West Lill Avenue in Chicago has been sold for $2,150,000. The sale presents an opportunity for an 8-unit condo deconversion or new construction on a double lot (50x125) with RT-4 zoning, currently generating $141,600 in annual rent.View on map
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Address862 West Lill Avenue
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