Nate Gautsche of CRER was the listing broker in the sale of 6103 S. University Ave – a 6-unit investment property in Chicago’s Woodlawn neighborhood. The deal closed at a record price of $1,665,000 or $277,500/unit. This is the highest ever sales price per unit in Woodlawn (Source: Costar & MLS).
This is Nate’s 8th transaction in Woodlawn and this deal adds to another record setting sale he closed earlier this year at 6100 S. Drexel which will bring the largest market rate multifamily development to Woodlawn in over 50 years.
Nate secured the listing after a national firm was initially engaged to market the property for ownership. He was able to secure multiple offers from local and out of state buyers within the first 30 days of on-market time, relying on his extensive experience and relationships in the neighborhood.
Please reach out to Nate for further information on the transaction.