Jameson Sotheby’s International Realty broker associate Michael Shiff worked with both the owner of record and the buyer, Division St Capital, in the $1,200,000 sale of 1456-58 N Maplewood Ave.
This 8,235 SF multi-family building located in West Town near Humboldt Park has nine units – (6) 2 bedroom, 1 bathroom units, (2) 3 bedroom, 1 bathroom units, and (1) commercial space – and two garages, on a double lot. The buyer plans to renovate and upgrade the apartment units.
The property had a 28 day market time and sold for 94% of the asking price, with a record low for the area CAP rate of 5.8%.
Shiff also recently sold 1121-23 N Campbell Ave., an RT-4 zoned brick apartment building with (7) 1 bedroom, 1 bathroom units with parking.
The property sold for 98% of its asking price (GRM=11) at $735,000 in an off-market transaction between seller North Shore Management and buyer WPA 4 LLC.
