ACO Commercial Sells Melrose Park 18 Unit in Under 30 Days

CHICAGO, ILLINOIS – Tuesday, December 20, 2016 

ACO Commercial is pleased to announce the sale of an 18-unit, walk-up style apartment building located at 1500 N. 22nd Street in Chicago’s western suburb of Melrose Park, IL.  The opportunity was a value-added investment, offered on an “as-is, where-is,” basis.  At the time of sale, the Property was 67% occupied.

Linda Hattar, VP, and George Toscas, EVP, completed the transaction on behalf of a national loan servicer.   The ACO marketing campaign generated approximately 20 tours and nine offers, with multiple offers above the asking price. The transaction was completed, launch to close, in under 30 days.

ACO Commercial specializes in the sale of commercial and investment real estate throughout the Midwest.