Longford Design & Construction Sells Multifamily Asset At 4447-4459 North Hazel Street For $10.8M

The property asset involved in the transaction is a multifamily building located at 4447-4459 North Hazel Street in the Chicago market. The sale price was $10,800,000 for a total of 32 units, resulting in a price per unit of $337,500. The total square footage of the asset is 38,097, which translates to a price per square foot of $283.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,800,000
• Units: 32
• Price Per Unit: $337,500
• Total Square Footage: 38,097
• Price Per Square Foot: $283
• Seller: Longford Design & Construction
• Buyer's Representative: Brian Karmowski - Essex Realty Group
• Seller's Representatives: Steve Livaditis, Matt Feo - Essex Realty Group

The transaction involved key individuals from Essex Realty Group, with Brian Karmowski representing the buyer, while Steve Livaditis and Matt Feo represented the seller. Their collaboration facilitated the successful closing of the deal, showcasing their involvement in the multifamily market dynamics.