ACO Arranges Sale of Lake County 12-Unit for 94% of Asking Price
CHICAGO, ILLINOIS – Wednesday, May 16, 2018
ACO Commercial is pleased to announce the sale of 2320-2328 Gabriel Avenue in Zion, Illinois. Built in 1960, the property consisted of 12 units in one- and two- bedroom configurations. At the time of sale, the property was 100% occupied and required minimal repairs.
ACO Commercial identified the buyer who closed the transaction at 94% of the list price with financing provided by US Bank. The property sold for $48,750 per unit, setting the highest price per unit obtained in Zion for multifamily buildings up to 36 units in the past 24 months.
Currently ACO Commercial is marketing multiple assets in Zion, including a 95-unit portfolio and several 12-unit assets. We specialize in the sale of commercial and investment real estate throughout the Midwest.