Steven Rapoport with CRER (Chicago Real Estate Resources, Inc.) represented the buyer, Base 3 Development, in the acquisition of a 7,800-sf development site at 2042-2046 W Irving Park Rd in the desirable North Center neighborhood of Chicago.
The buyer added value to the transaction by successfully up-zoning the property to allow for development of a 20-unit building comprised of a mix of large studio, 1-bed, 2-bed and 3-bed apartment units with 10 indoor parking spaces.
Contact Steven if you need help buying or selling a multifamily/investment property in Chicago or the surrounding suburbs. If you are interested in better understanding what your property could sell for contact Steven for a free valuation report including financial analysis and comparable sales. Stevenr@crer.com | cell: 847-863-2707