Logan Square Multifamily Property Sells for $1.1M

Root Realty brokers the sale of a 5-unit multifamily property in Logan Square for $1.1M.

By skyrealm.ai on Jun 25, 2022
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Logan Square Multifamily Property Sells for $1.1M

A 5-unit multifamily property located at 2122 N Sawyer Ave in Logan Square has been sold for $1.1M. The property was sold by an undisclosed seller and was represented by Kevin Itima, Joseph Root, and Michael Root of Root Realty.

The property, which spans 6,300 square feet, was sold at a price per unit (PPU) of 221,800 and a price per square foot (PPSF) of 175.40. The property consists of five 2-bedroom, 1-bathroom units.

Logan Square is a popular neighborhood in Chicago known for its trendy restaurants, bars, and shops. The area has seen significant growth in recent years, with new developments and businesses popping up throughout the neighborhood.

The buyer of the property has not been disclosed, but the sale represents a strong investment opportunity in a growing neighborhood. The brokers involved in the deal have not commented on the transaction.

Overall, this sale highlights the continued demand for multifamily properties in Chicago, particularly in popular neighborhoods like Logan Square. With strong rental demand and a growing population, multifamily properties are likely to remain a popular investment option for years to come.