For Immediate Release:
ACO Commercial Completes Retirement Sale of 16 Units in Belmont Cragin
CHICAGO, ILLINOIS – Monday, December 23, 2013 – ACO Commercial is pleased to announce the sale of 2715 and 2735 N. LeClaire Avenue in Chicago’s Belmont Cragin Neighborhood.
George J. Toscas, Executive Vice President, arranged the sale of the two buildings on behalf of a private, long-term owner.
The offering was comprised of two vintage buildings opposite of each other consisting of (12) 1-Bedroom, (2) 2-Bedroom, and (2) Studio apartments. The sale reflected a price per unit of approximately $59,000 and a capitalization rate of 7.1%.
ACO Commercial specializes in the sale of commercial and investment real estate throughout the Midwest.