ACO Commercial Arranges the Sale of 80 Residential Units in Court Ordered Dispositions
CHICAGO, ILLINOIS – Thursday October 25, 2012- ACO Commercial, is pleased to announce the sale of four properties comprising 80 units in Chicago, IL.
The assets located at 6152 S. Eberhardt (24 Units), 6236 S. King Drive (36 Units), 6555 S. St. Lawrence (12 Units) and 3351 W. Ohio (8 Units) were part of a series of court ordered dispositions handled by ACO.
All properties were placed into receivership, secured and reconstituted, under the City of Chicago Troubled Buildings Initiative by Community Initiatives Incorporated. The program implements a 10-year affordability agreement on assets that are sold to facilitate affordable housing stock in the City of Chicago.
George J. Toscas, Executive Vice President and Matt Arminio ACO Commercial arranged the sales of the assets in separate marketing campaigns.
The management of the assets, including the reconstitution of every building was handled by Condo Program Director, Marie Doladee, of Community Initiatives, Incorporated.
ACO Commercial specializes in the sale of investment real estate throughout the Midwest. Affiliated Chicago Operations, LLC has 21 offices in Illinois with over 1,000 agents.