Angelo Labriola Of SVN Represents Seller In $1.3M Sale At 1761 W Augusta Blvd Chicago

A four-unit multifamily building sold for $1,300,000 located at 1761 W. Augusta Boulevard in Chicago’s East Village neighborhood. The property underwent a recent gut renovation, comprising two full-floor units with modern interiors. Additionally, three of the four units include in-unit washer and dryer, private rear decks, and tall ceiling heights. The first-floor unit was converted from a former bar space to a residential unit featuring soaring 14-foot ceilings. The building also had a detached three-car brick garage and a full basement.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,300,000
• Address: 1761 W Augusta BLVD, Chicago, IL
• Market: Chicago
• Seller's Representative: Angelo Labriola (SVN)
• Buyer: Unknown
• Seller: Unknown
• Square Footage: 0

SVN Chicago Commercial’s Cawthon-Labriola Group advisors Paul Cawthon and Angelo Labriola were the sole brokers in the transaction. The property received multiple offers and went under contract within days of its market release. The asset’s attractive cap rate, condition, and location were key factors appealing to the buyer's investment criteria, according to Cawthon.