SOLD
California Investor Acquires 8-Unit Multifamily Asset In South Chicago For $625K
8041 South Manistee
MultiFamily
13,387 SF
13,387 SF
Sold 1 year ago
Summary
Sale
ILLINOIS
MultiFamily
13,387 sqft
The multifamily property located at 8041 S. Manistee in Chicago was recently sold for $625,000. This 8-unit asset offers exceptional value, with a price per unit of $78,125, which is the highest in the South Chicago Submarket for a multifamily property in the past decade. The total square footage of the property is 13,387, resulting in a price per square foot of $47.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $625,000
- Market: Chicago
- Address: 8041 S Manistee
- Units: 8
- Price per Unit: $78,125
- Total Square Footage: 13,387
- Price per Square Foot: $47
- Broker: Jason York - Multifamily Investment Advisors
This successful transaction was facilitated by Jason York of Multifamily Investment Advisors. He negotiated with more than a dozen potential buyers and advised the seller in selecting the California Investor who ultimately purchased the property. The collaboration between Multifamily Investment Advisors and Mo Hall CRE, represented by Moses Hall, contributed to the smooth completion of the deal. Congratulations to Jason and Moses for their commendable work.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Jason York
DATE: 09/24/2021
ADDRESS: 8041 S Manistee
MARKET: Chicago
ASSET TYPE: Multifamily
BROKER: Jason York - Multifamily Investment Advisors (@MultifamilyInvestmentAdvisor)
ASKING PRICE: $650,000
SALE PRICE: $625,000
UNITS: 8 ~ PPU: $78,125
SF: 13,387 ~ PPSF: $47
NOTE: "The Chicago Association of Realtor’s deep and diverse pool of talented commercial real estate brokers once again is showcased on this collaborative effort between the Multifamily Investment Advisors team at Keller Williams One Chicago - Commercial and Mo Hall CRE. The 8 unit asset located at 8041 S. Manistee represents an exceptional value for the the California Investor that made the acquisition. I would be remiss if I didn’t point out that the $78,125 per unit sales price represents the highest price per unit on any multifamily asset traded in a decade in the South Chicago Submarket between 7 and 100 units per, Costar & the MLS. Kudos to Jason York, who negotiated more than a dozen offers and ultimately advising his client, the seller, on selecting an investor represented by my man, Moses Hall. As always, Moses was an absolute pleasure to work with. Congrats to you both for job well done. For more information on commercial investment opportunities visit"View on map
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Address8041 South Manistee
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