CRER’s Finley Askin represented the buyer in the sale of a 50-unit multifamily portfolio in Chicago’s south side Auburn Gresham neighborhood. The portfolio, consisting of two properties at 8100 S Paulina St and 8200 S Paulina St, closed for $1,150,000 or $23,000 per unit.
Strategic Investment to Meet Local Demand
The properties were vacant and in need of a significant rehab. The local buyer looks forward to bringing these units back online to help meet the high rental demand in Auburn Gresham. This transaction demonstrates a commitment to improving the local housing supply.
Unlock Opportunities in Chicago Multifamily
Contact Finley Askin and the CRER team today to discuss similar investment opportunities.
