Independent Investor Acquires Office Building On N. Elston Ave. In Chicago For $3.4M

3319 N. Elston Ave. in Chicago has been sold in a closed transaction. The property is an office building with a size of 22,622 square feet, situated on 33,975 square feet of land, which includes 50 parking spaces. The sale was facilitated by Adam Schneiderman of Strauss Realty. The buyer, an independent investor, has plans to fully renovate the building and lease it out.

Summary of Transaction Details

• Property Type: Office
• Sale Price: $3,437,500
• Square Footage: 22,622
• Price per Square Foot: $152
• Address: 3319 N. Elston Ave.
• Market: Chicago

This transaction was managed by Adam Schneiderman from Strauss Realty. The buyer, an independent investor, plans to renovate the office building extensively before finding tenants for the space.