ACO Sells 27 Single Family Home Portfolio in Chicago Suburbs in All-Cash Transaction
CHICAGO, ILLINOIS – Friday November 9, 2018
ACO Commercial is pleased to announce the sale of a portfolio of 27 residential assets located in Chicago’s South Suburbs. The stabilized portfolio was 100% leased at the time of sale. The properties were located in the following suburbs:
ACO sourced a local all-cash purchaser who waived physical due diligence relying solely on the Village and Township inspections. ACO coordinated physical due diligence and Village & Township inspections by working with local municipalities. In total 32 individual inspections were coordinated and completed over a 60 Day period with 100% compliance across the offering. The sale price of $1.7 Million reflected a price per property of approximately $63,000. The 27 properties were closed in three separate transactions. ACO Vice President, Linda Hattar and Managing Broker, George Toscas represented a private partnership in the disposition.
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.