SVN Chicago Commercial closed the sale of a seven-unit multifamily property at 143 E. Grove St. in Lombard, Illinois.
Joe Connelly of SVN Chicago Commercial facilitated the sale. The property sold for $1,257,500 or $179,643 per unit, marking one of the highest price-per-door transactions in Lombard to date.
This property, encompassing 5,950 square feet, attracted multiple offers, ultimately resulting in an all-cash transaction procured by another SVN® advisor David Szymanowski. The unprecedented demand and competitive bidding underscore the strong appeal of this well-maintained property in the Lombard area.
Representing the seller, SVN Chicago Commercial achieved an exceptional outcome that reflects the growing investor interest in suburban multifamily properties. The transaction closed on Halloween and is recognized as a landmark deal in the Lombard market for its record-setting price and competitive offer environment.
The high demand for multifamily investment opportunities coupled with the strategic positioning of 143 E Grove St contributed to the property’s record-setting price. SVN is proud to have facilitated this transaction and remains committed to providing innovative and strategic real estate solutions for investors and owners alike.
