ACO Commercial Sells Wicker Park Property for Record $425,000 per unit

ACO Commercial Announces

CHICAGO, ILLINOIS – Wednesday, July 14, 2014,  ACO Commercial is pleased to announce the sale of 1449 N. Wicker Park Avenue in Chicago’s Wicker Park neighborhood.  The property was built in 2004 and is comprised of eight (8) three (3) bedroom apartments.

George  J.  Toscas, Executive  Vice  President, arranged the sale, which  is  one of the highest  prices  recorded for a walk-up multifamily  asset in the Chicago market to date. The sale represented  a price  of $425,000  per unit.  Toscas had previously sold 6  of  the 8 units in a  Section 363  Bankruptcy Sale.  All  owners in  the property recognized the opportunity to exit the property collectively.  Therefore, a marketing campaign was developed to  sell the asset as a whole.

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