David Szymanowski Of SVN Chicago Commercial Brokers $5.7M Sale Of DeKalb Multifamily Portfolio

A multifamily portfolio comprising seven buildings was recently sold in DeKalb, Illinois. The transaction involved a total of 100 units, highlighting a significant investment opportunity in the area. The sale was completed for $5,700,000, resulting in a per unit price of $57,000.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $5,700,000
• Units: 100
• Price Per Unit: $57,000
• Address: 875, 887 Fotis Drive, 945, 871 Regent Drive, 846, 857 Spiros Court & 830 Edgebrook Drive
• Market: DeKalb
• Broker: David Szymanowski - SVN Chicago Commercial

The deal was brokered by David Szymanowski with SVN Chicago Commercial, who successfully closed the transaction in under seven weeks. The buyer is planning a value-add strategy amid ongoing investor interest in the DeKalb market.