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.
Adam Taylor, Vice President, 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. Additionally, transactions completed by Mr. Taylor in the past year account for the second, third, and fourth place positions in terms of price per unit.
Mr. Taylor maintains a dominant presence in Lake County, particularly in Zion and Waukegan, IL. In the last 36 Months, Mr. Taylor has completed 21 transactions in Chicago’s north suburbs. Currently ACO is marketing multiple assets in Zion, including a 95-unit portfolio and several 12-unit assets.
For more information on Adam’s current listings, please contact him here.
ACO Commercial specializes in the sale of commercial and investment real estate throughout the Midwest.