ACO Commercial Sells Peterson Park 20-Unit for $4,635,000 (5.78% CAP)
CHICAGO, ILLINOIS – Thursday, October 20, 2016
ACO Commercial, is pleased to announce the sale of 5760 N. Lincoln Avenue in Chicago’s Peterson Park neighborhood. The property was built in 2008 and comprised of (16) Residential and (4) Commercial Units.
George J. Toscas and Linda Hattar arranged the sale, on behalf of a regional bank to a private investor on an all-cash basis. The sale represented a price of $231,750 per unit, and a projected capitalization rate of 5.78%
ACO Commercial specializes in the sale of commercial and investment real estate throughout the Midwest.