Real Realty Brokers Sale Of 24-Unit Multifamily Property At 6322 North Albany Avenue For $2.75M

The property involved in the transaction is a multifamily asset located at 6322 North Albany Avenue in Chicago. This 24-unit apartment building was sold for a total of $2,750,000. It encompasses 19,000 square feet, with a price per unit of $114,583 and a price per square foot of $144.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,750,000
• Units: 24
• Square Footage: 19,000
• Price Per Unit: $114,583
• Price Per Square Foot: $144
• Address: 6322 North Albany Avenue
• Market: Chicago

The transaction was brokered by James Clough and Cristian Gavriluti of Real Realty, Inc. They facilitated the sale of the property, which generated significant interest reflected in 32 tours and resulted in 8 written offers, highlighting the appeal of the value-add aspect of the asset.