CRER Senior Director Finley Askin completed the sale of a two-building, 26-unit multifamily portfolio in Chicago’s south side Auburn Gresham neighborhood. The portfolio closed for $2,700,000 or $103,846 per unit.
The local seller recently completed a host of capital improvements and decided to capitalize on the high demand in the appreciating south side neighborhood. The out-of-state buyer was drawn to the opportunity by the in-place yield and rising rental rates.
Considering Selling Your Property?
With a proven track record and deep expertise in the Chicago multifamily market, Finley Askin 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.
