ACO Commercial Sells Edgewater 12 Unit for Asking Price of $1.39 Million


ACO Commercial Announces

CHICAGO, ILLINOIS – Wednesday, June 25, 2014 – ACO Commercial, is pleased to announce the sale of 1284 – 1286 W. Early Avenue in Chicago’s Edgewater neighborhood.  The property was built in 1932 and is comprised of three (3) two-bedroom and nine (9) one-bedroom apartments.

George J. Toscas, Executive Vice President, arranged the sale of the property on behalf of a family trust.  The sale represented a price of approximately $116,000 per unit, and a capitalization rate of 5.6%.  The purchase price was 99.6% of the asking price.

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