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MidwestCRE

Uptown remains a strong market for investors of multifamily

Staff Writer April 4, 2017
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Sperry Van Ness, LLC has just completed the sale of a 5 unit multi-family building. The building is located at 921 W. Cullom Avenue in Chicago’s Uptown neighborhood. Dawn Overstreet of Sperry Van Ness, LLC represented the seller, Chicago Deferred Exchange Company, LLC, and the buyer, 921 W. Cullom, LLC. The property sold for $790,000.

“Given the building’s close proximity, within walking distance, to Montrose Harbor and Beach and its location on a quiet, residential street, the interest was extremely high. The building sold for 99% of the asking price and was under contract in two weeks,” Overstreet said.

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