Joe Kahlhammer with CRER (Chicago Real Estate Resource, Inc.) recently represented the owner of a 6-unit investment opportunity in Little Village located at 2700 S. Hamlin Ave. The property traded for $550,000 or $ 91,600 per unit. The property was under contract after 9 days of being on the market.
The property offered the new owner a stable return while providing an opportunity to add value by renovating units and increasing rental rates. The dense location also offers tenants easy access to public transportation and shopping.
Contact Joe if you’re considering buying, selling, or looking for an opinion of value on multifamily properties in the Chicago area.
