CHICAGO-April 15, 2014-SVN | Chicago Commercial has just sold a 5-unit Multifamily building located at 1870 N Halsted Street in Chicago’s Lincoln Park neighborhood. Jeffrey Baasch and Brian Kochendorfer of Sperry Van Ness, LLC represented the Seller in the transaction. The property, sold for $1,100,000, consisted of an updated owners unit, individual HVAC, and parking behind the building.
“The rents were significantly under market in this building and that, along with location and close access to public transportation, made this an attractive investment for the buyer,” Kochendorfer said.
Sperry Van Ness, LLC is a national full-service commercial real estate advisory firm located at 940 West Adams Street in downtown Chicago. 312.676.1866. For more information, please visit www.svnchicago.com.
About Sperry Van Ness International Corporation
Sperry Van Ness International Corporation, a commercial real estate brokerage franchisor, is one of commercial real estate’s most recognizable brands, based on the annual Lipsey Survey. The Sperry Van Ness® organization includes more than 175 locations in 36 markets. With headquarters in Irvine, Calif., Sperry Van Ness Commercial Real Estate Advisors provide brokerage, tenant representation, consultation, asset management, property management, leasing, accelerated marketing and auction services. Sperry Van Ness advisors represent clients in office, multifamily, retail, industrial, self-storage, hospitality, marina and land transactions. All Sperry Van Ness offices are independently owned and operated. For more information, go to www.svn.com.
Sperry Van Ness LLC | Chicago Commercial