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Preservation Of Affordable Housing Acquires 240-Unit Multifamily In Chicago For $29.5M

6430 South Stony Island
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This MultiFamily property located in IL was sold for $29,500,000 over 2 years ago.

The multifamily property located at 6430 S. Stony Island in Chicago was recently sold in a closed transaction. The property consists of 240 units and was sold for a total price of $29,500,000, resulting in an average price per unit of $122,917. The sale took place on July 1, 2021, and the buyer was Preservation of Affordable Housing (POAH), represented by Aaron Gornstein & Andrew Spofford. The seller in the transaction was PNC Bank.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $29,500,000
  • Address: 6430 S. Stony Island, Chicago
  • Units: 240
  • Price per Unit: $122,917

The buyer in the transaction, Preservation of Affordable Housing (POAH), was represented by Aaron Gornstein & Andrew Spofford. On the other hand, PNC Bank acted as the seller in the deal.

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Deals
  • Location
    6430 South Stony Island Avenue, Chicago, IL 60637, USA6430 South Stony Island Avenue, Chicago, IL 60637, USA
  • Sale Price
    $29,500,000$29,500,000
  • Asset Type
    MultiFamilyMultiFamily

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Deal Summary

SALE IMAGE: Aaron Gornstein & Andrew Spofford DATE: 07/01/2021 ADDRESS: 6430 S. Stony Island MARKET: Chicago ASSET TYPE: Multifamily BUYER: Preservation of Affordable Housing (POAH) - Aaron Gornstein & Andrew Spofford SELLER: PNC Bank SALE PRICE: $29,500,000 UNITS: 240 ~ PPU: $122,917

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