North Lawndale | 9 Unit Building |Sold $85,000/unit

Steven Rapoport with CRER & Michael Tolliver with Atlas Asset Management Realty, LLC had the pleasure of representing the seller in the disposition of the nine-unit apartment building located at 1444 S Trumbull Ave in the North Lawndale neighborhood of Chicago.

We were able to help the seller achieve a sale price of $765,000 or $85,000/unit. This sale price falls at the upper end of the market for similar buildings in the area. We identified (12) sales of similar apartment buildings that sold within a one-mile radius over the past year. The other building in the area sold from $21,800/unit to $88,000/unit with an average sale price per unit of $48,024.

The sale price of $85,000/unit we were able to help our client achieve is 76% greater than the $46,024/unit average sale price in the area.

We are continuing to see strong demand from investors interested in locking in deals at historically low-interest rates. Considering selling your property? Contact me for a free valuation report for your Chicago commercial or investment property.

Steven Rapoport, CCIM | Senior Director | Cell: 847-863-2707 | Email: [email protected]

Chicago Real Estate Resources Inc. | 800 W Diversey Ave, Chicago IL 60614