ACO Fetches $6.55 Million for 23 Units in Fractured Logan Square Development

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For Immediate Release:

ACO FETCHED $6.55 MILLION FOR 23 UNITS IN FRACTURED LOGAN SQUARE DEVELOPMENT

CHICAGO, ILLINOIS – Tuesday, December 17, 2013 – ACO Commercial is pleased to announce the sale of Logan Station apartments in Chicago’s Logan Square neighborhood.  The property consists of 23 of 24 residential units contained in three adjacent buildings.

George J. Toscas, Executive Vice President, arranged the sale of the site on behalf of a national lender.  The sale represented a price of approximately $285,000 per unit and a capitalization rate of approximately 6.5%.

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