Raskin Risers Acquires Multifamily Properties In South Shore & Woodlawn For $7.5M
7131 South Bennett Avenue, 1947 E. 73rd Place, & 6600 South Ingleside Avenue
38,850 SF
Summary
The multifamily properties located at 7131 S. Bennett Avenue, 1947 E. 73rd Place, and 6600 S. Ingleside Avenue in South Shore & Woodlawn were recently sold for a total price of $7,500,000. The buyer, Raskin Risers represented by Mendy Raskin, acquired these properties from the seller, Phoenix Capital. The transaction was facilitated by Lucas Fryman from Interra Realty.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,500,000
- Number of Units: 114
- Price per Unit: $65,789
- Capitalization Rate: 8%
Mendy Raskin, representing Raskin Risers, was the buyer in this transaction. The seller, Phoenix Capital, successfully completed the sale of these properties. Lucas Fryman from Interra Realty played a crucial role as the broker in facilitating the deal. The transaction involved a multifamily asset in a market comprising South Shore and Woodlawn.
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