ACO Commercial is pleased to announce the sale of the Colonial Court Apartments located in Oak Lawn, Illinois.
George Toscas, Executive Vice President, arranged the sale of the value-add property on behalf of a national private equity firm. The property was sold to a New York-based investor, who plans a multi-million dollar renovation of the asset.
Colonial Court Apartments is comprised of three buildings, containing 84 one- and two-bedroom apartments. At the time of sale, the property was vacant. The sale price was approximately $3.8 million.
ACO Commercial specializes in the sale of commercial and investment real estate throughout the Midwest.