ACO Commercial Fetches 4.2% Cap for Old Town Multifamily in Confidential Sale
CHICAGO, ILLINOIS – Tuesday, October 20, 2015
ACO Commercial is pleased to announce the sale of 1506 N. Cleveland Avenue, a 3,100 SF land site improved with a vintage three-unit multifamily building in Chicago’s Old Town neighborhood.
ACO utilized an un-priced, targeted marketing campaign, qualifying all interest before property tours were scheduled. The offering was sold with no signage, and minimal disruption to tenants, generating seven qualified tours and four offers.
ACO Commercial arranged the transaction on behalf of a private investor.
ACO Commercial specializes in the sale of commercial and investment real estate throughout the Midwest.