2453 E 75th Street Chicago, IL

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Executive Summary

Sold 16 unit investment property located at 7508 S Essex in Chicago for $875,000. This property closed for 52% greater than the average sale price per unit for similar properties within a two-mile radius. Prior to selling the property Steven added value by locating a high-quality commercial tenant to occupy the first floor retail space. This rehabbed and stabilizes asset traded for a 9% capitalization rate to a cash buyer. Nate Gautsche. of CRER, represented the buyer in the sale of this 16 unit investment property located at 2453 E. 75th St, Chicago.

Property Location

Chicago » IL » 2453 E 75th St

Property Details

Status

Closed

Listing Type

For Sale

Property Type

Multifamily

Size

15,000 Sq. Ft.

Price

$875,000

Broker Contact

Nate Gautsche, CCIM

Mobile: (312) 925-2521

Office: (773) 327-9300

Email: NateG@crer.com

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Steven Rapoport, CCIM

Mobile: (847) 863-2707

Office: (773) 327-9300

Email: StevenR@crer.com

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CRER Client

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"As a property owner who has worked with CRER, I've found their approach to multi-family property management both professional and effective, particularly in their responsiveness to maintenance issues and their skill in balancing the needs of owners and tenants."