CRER Closes a 21-Unit on Chicago’s South Side

CRER (Chicago Real Estate Resources, Inc.), was the sole broker in the recent sale of 7601 S Drexel Ave, a 21-unit multifamily property located in Chicago’s south side neighborhood of Greater Grand Crossing. The sales price was $1,140,000 or $54,286 per unit.

The property closed within 50 days of the acceptance date. The buyer, a New York based investor, is working with Finley to assemble a portfolio of multifamily assets across the south side of Chicago. This was the buyer’s first transaction in the Chicago market.

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