Steven Rapoport had the pleasure of representing the seller of 3838 W George St Chicago, IL 60618. This cash-flowing (5) unit building located in the rapidly appreciating Logan Square neighborhood of Chicago. This property went under contract within the first 30 days of marketing after receiving multiple offers. The property traded for $845,000 ($169,000/unit) with an in-place capitalization rate of 6.81%.
Contact Steven if you or anyone you know is considering buying or selling commercial or investment real estate in Chicago. Steven works with investors and developers that are actively pursuing acquisitions in the Chicago Market.
Despite the challenges brought about by the pandemic demand for investment real estate remains strong. Attractive financing terms coupled with optimism pertaining the return to normalcy have created an environment of stable or appreciating values in many of Chicago’s neighborhoods.
Upon your request, Steven can provide a free valuation report for your property.