Wolverine Property Group Acquires Mixed-use Property In Countryside For $400K

Located at 5512 S. Brainard Avenue in Countryside, this mixed-use property was recently sold in a closed transaction on December 31, 2020. The property, captured in a photo by Kevin Rocio, offers a total square footage of 3,650. The sale price was $400,000, resulting in a price per square foot of $110. The property consists of 5 units, with each unit being valued at approximately $80,000. The transaction achieved a cap rate of 7.5%.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $400,000
• Address: 5512 S. Brainard Avenue
• Market: Countryside
• Image: Kevin Rocio
• Date: 12/31/2020

Wolverine Property Group, LLC, represented by Kevin Rocio of ROC Advisor Group, acquired the property from the Robert G Schafer Revocable Trust. The seller was represented by Eric Bell and Christopher Malay from Marcus & Millichap. The deal between the buyer and seller was successfully negotiated, resulting in the sale of the property.