MULTIFAMILY COMPLEX SELLS FOR $3.85 MILLION IN CHICAGO
Photos Courtesy of CoStar: Download Images
Chicago (November 16, 2021) — Coldwell Banker Commercial is pleased to have represented the buyer in the acquisition of a 16-unit multifamily complex located in Chicago’s Humboldt Park neighborhood for $3.85 million.
Michael Galvan, a commercial real estate professional with Coldwell Banker Commercial Realty, represented the buyer, Burazeri LLP, in the transaction.
The four-building, four-story properties, located at 3126-34 W. Walton St., was built in 2010 and mainly comprised of two- and three-bedroom units.
“These beautiful, condo quality units are within walking distance to the park and minutes to downtown Chicago. The new owners are strong multifamily operators and have positioned themselves well for a lucrative upside should they decide to pursue conversion,” said Galvan.
About Coldwell Banker Commercial Realty
Coldwell Banker Commercial Realty, the local affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition, and disposition of all property types. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com
# # #