Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
IllinoisMultifamily

Matthews™ auction services sells $6.7 million multifamily portfolio in Chicago

September 18, 2023
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, in conjunction with online commercial real estate auction platform RI Marketplace, recently sold Grand Crossing Portfolio, a six-property multifamily portfolio located throughout South Chicago. Associate Jimmy Donahue, Senior Associate Jonah Yulish, Vice President Finley Askin, and Vice President of Auction Services Robert Anderson handled the transaction.

The portfolio was approximately 50% vacant, providing the buyer with significant upside potential once stabilized.

The Matthews™ database accounted for 83% of the registered bidders, including the winning bidder. The buyer plans to stabilize the portfolio by renovating units and improving mechanical systems as needed. The sellers benefited from Matthews’ database, market knowledge, and relationships within the industry.

Tags
Chicagomatthews real estate investment services
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
WisconsinCRE

Wisconsin’s Boldt Company hires CIO

September 29, 2023
TexasOffice

KBS & Transwestern sign 38,000 square feet with two regional firms at Class A office in Dallas

September 29, 2023
IowaNet LeaseRetail

Marcus & Millichap negotiates sale of Dollar General in Iowa

September 29, 2023
IllinoisCRE

RECAP: 2023 Goldie Gala

September 29, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com