ACO Arranges Sale of 21 Property Single Family Portfolio to International Investor
CHICAGO, ILLINOIS – April 28, 2018
ACO Commercial is pleased to announce the sale of a portfolio of 21 residential assets located on Chicago’s South Side. The properties were in stabilized condition and 85% leased at the time of sale. The properties were located in the following neighborhood areas:
- East Chatham
- Avalon Park
- Vet’s Park
- South Chicago
- Greater Grand Crossing
- Park Manor
ACO’s marketing campaign generated multiple offers, from both developers and investors. The deal was awarded to an international purchaser who completed the sale on an all-cash basis. Working with both attorneys and Fidelity National Title, ACO facilitated the closing in 21 separate transactions.
The sale price of $1.31 Million reflected a price per property of approximately $62,200. ACO Commercial specializes in the sale of commercial and investment real estate throughout the Chicagoland Area, including single family portfolios, bulk condo, and condo deconversion sales.