Chicago Multifamily Property Sells for $1.67M at $239/SF

A multifamily property located at 2317 West Chase Avenue in Chicago, IL has been sold for 1.67M. The property spans 7,000 square feet and was sold at a price of 239 per square foot. The deal was closed on March 5th, 2021, and the buyer remains undisclosed.

The property was marketed by brokers Dan Shepherd, Jaimie Steinher, Douglas (Doug) Imber, and Kate Varde. The seller and lender information have not been disclosed.

The property is located in the West Rogers Park neighborhood of Chicago, which is known for its diverse population and strong sense of community. The area is home to a mix of single-family homes, multifamily properties, and commercial buildings. The property itself is a multifamily building, which could be used for rental income or as a residence for the new owner.

The sale of this property is indicative of the strong demand for multifamily properties in Chicago. The city has seen a surge in demand for rental properties in recent years, as more people choose to live in urban areas. This has led to an increase in the number of multifamily properties being built and sold in the city.

Overall, the sale of this property is a positive sign for the Chicago real estate market. It shows that there is still strong demand for multifamily properties in the city, and that brokers are able to successfully market and sell these properties to interested buyers.