Nate Gautsche, Senior Director at CRER, represented the buyer in the off-market acquisition of 7417 N Clark Street in Chicago. This 19-unit multifamily investment property consisted of (11) 2BR/1BA, (3) 2BR/2BA and (5) 1BR/1BA units. The buyer will be able to add value to the project by converting the 1BR to 2BR units and completing needed updates to the building.
The property offers 8 parking spaces on site and is within 3 blocks of two Red Line CTA stations and less than a block from Jewel-Osco and two city parks. This is the 2nd off-market property Nate has sourced and negotiated for this buyer in Rogers Park.
Please reach out to Nate or more information on this transaction.