December 21, 2020
Apartment Investment Advisers recently sold several apartment buildings in the South Shore, Washington Park, and Auburn Gresham neighborhoods on Chicago’s south side.
In the largest of the four deals, AIA sold a 29-unit apartment building at 8301 S. Green in Auburn Gresham for $1,305,000 and $45,000 per unit. The firm’s Jack Cassin was the sole broker.
Cassin also sold a nine-unit apartment building at 7843 S. Morgan in Auburn Gresham for $539,000, or $59,889 per unit.
He teamed with AIA’s Mike Lindbad to sell a six-unit apartment building at 6812 S. Merrill in South Shore. The property traded for $500,000, or $83,333 per unit.
Finally, Lindblad was the sole broker in the sale of a six-unit apartment building at 6201 S. Michigan in Washington Park. It sold for $405,000, or $67,500 per unit.
Pictured: 8301 S. Green.
For comments, questions or concerns, please contact Paul Bubny