CRER’s Nate Gautsche and Finley Askin completed the sale of 7501 S Stewart in Chicago, a 39-unit multifamily property in Chicago’s Greater Grand Crossing Neighborhood. Nate represented the seller and Finley represented the buyer. The building closed for $3,050,000 or $78,205 per unit.
The seller, a local operator who had owned the property for over 20 years, was looking to capitalize on the high demand for well-maintained multifamily assets in the market. The buyer was drawn to the opportunity by the updated mechanicals and untapped operating potential.
Other Recent South Side Closings by CRER:
- CRER Closes 26-Unit South Side Portfolio
- Finley Askin of CRER Closes $5.85M Sale of 66-Unit in Hyde Park
- South Shore 70-Unit Apartment Building Sold Off-Market: Finley Askin Represents Buyer in $3.15M Deal
Considering Selling Your Property?
With a proven track record and deep expertise in the Chicago multifamily market, Finley, Nate and the CRER team are well positioned to help you achieve a successful outcome.
Contact us today to discuss how we can help unlock the full potential of your asset.
