Raskin Risers Acquires Multifamily Properties In South Shore & Woodlawn For $7.5M

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.