Oi Pua & Teh Chan Acquire Multifamily Property At 919-927 South Loomis Street For $2.95M

919-927 South Loomis Street is a multifamily property located in Chicago, featuring 15 units, which include 10 residential and 5 retail spaces. The asset, encompassing 6,250 square feet, was sold for $2,950,000, resulting in a price per unit of $196,666 and a price per square foot of $472. This property had not been on the market for nearly 30 years.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,950,000
• Units: 15
• Square Footage: 6,250
• Price Per Unit: $196,666
• Price Per Square Foot: $472
• Buyer: Oi Pua & Teh Chan
• Seller: Robert Pistilli
• Broker: Giancarlo Iannotta - Mo2 Properties

Giancarlo Iannotta from Mo2 Properties represented both the buyer and the seller in this transaction. The seller, a repeat client, entrusted the broker with the management of this trophy asset, which presented a value-add opportunity with below average rents.