Chicago Multifamily Property Sells for $3.9 Million in Loan Deal
A multifamily property in Logan Square, Chicago, Illinois, United States, has sold for $3.9 million in a loan deal, with broker Igor Zhizhin representing the seller.
A multifamily property in Logan Square, Chicago, Illinois, United States, has sold for $3.9 million in a loan deal. The property, located at 2315 N Milwaukee Ave, has a total square footage of 0 and was sold to an undisclosed buyer. The sale price equates to a price per square foot of N/A.
The property is located in a popular neighborhood in Chicago, known for its trendy restaurants, bars, and shops. The area has seen significant development in recent years, with new residential and commercial buildings popping up throughout the neighborhood.
The seller was represented by broker Igor Zhizhin, who has extensive experience in the Chicago real estate market. Zhizhin is known for his expertise in multifamily properties and has helped numerous clients buy and sell properties in the area.
The buyer of the property has not been disclosed, but it is likely that they saw the potential for growth in the Logan Square area. With its prime location and growing popularity, the property is likely to see significant appreciation in the coming years.
Overall, this sale is a testament to the strength of the Chicago real estate market, particularly in the multifamily sector. With demand for housing continuing to rise in the city, investors are increasingly looking to properties like this one as a way to capitalize on the growing market.