Essex Realty Facilitates $6.4M Sale Of Hanover Park Multifamily Property
ShareContact
This MultiFamily property located in IL was sold for $6,400,000 almost 2 years ago. The brokers of the deal were Brian Karmowski, Brian Kochendorfer, and Anthony Citriglia
View Related
- Location6654 Pine Tree Street, Hanover Park, Illinois 60133, United States
- Sale Price$6,400,000
- Asset TypeMultiFamily
- Parties3 Brokers, 1 Agency
Agents
Agency
Social
Deal Summary
SALE
IMAGE: Anthony Citriglia, Brian Karmowski & Brian Kochendorfer
DATE: 06/09/2022
ADDRESS: 6654 Pine Tree St
MARKET: Hanover Park, Chicago Suburbs
ASSET TYPE: Multifamily
BROKERS: Brian Karmowski, Brian Kochendorfer & Anthony Citriglia (@Mr_Multifamily) - Essex Realty (@ChicagoMultifamily_EssexRealty)
SALE PRICE: $6,400,000
UNITS: 64 ~ PPU: $100,000
NOTE FROM @ChicagoMultifamily_EssexRealty: Hanover Park Apartment Building Trades Over List Price for $6.4M
Chicago-based multifamily brokerage firm Essex Realty Group, Inc. recently facilitated the sale of Pinetree
Apartments located at 6654-6754 Pinetree Street in the Cook County suburb of Hanover Park, IL.
The seller, a local investor, hired the Essex team of Brian Karmowski and Brian Kochendorfer to exclusively market the property for sale. After just two weeks of marketing the property, Essex procured multiple offers to purchase. The property closed $25,000 over list price for $6,400,000. Essex director Anthony Citriglia represented the buyer.
“In just two weeks of marketing, Essex secured 15 showings and seven offers. The interest was substantial and a testament to the current demand for value-add product. Congratulations to all parties involved,” said Karmowski.
Pinetree Apartments is a 64-unit garden complex located in Hanover Park, just one-half mile north of the Hanover Park Metra Station. The property is comprised of four separate two-story buildings consisting of 16 units each. Current ownership recently renovated approximately half of the apartment units presenting a value add opportunity for the next owner.
Comparables
Contact
6654 Pine Tree Street
Social
Comparables
Contact
Share
Login to Suggest Edits