Lincoln Park Property Sold In Chicago For $2.15M With Buyer's Rep Owen Duffy & Seller's Rep Sophia Klopas

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.