1444 W. 81st – Auburn Gresham
This fully occupied 14-unit apartment building in Chicago’s Auburn Gresham neighborhood consists of four one-bedroom, seven two-bedroom and three three-bedroom units, each with one bath. The building has updated kitchens and baths, a new boiler and new porches. It sold for $265,000.
“The above 18 percent cap rate was attractive; this property sold in only 24 days,” said Noah Birk, managing director of Kiser Group, who represented both the buyer and seller in the transaction.
All the names of buyers and sellers involved in these transactions are not available at this time.