PRESS ROOMNEWS RELEASE
Inland Real Estate Commercial Brokerage, Inc. Announces the Sale of a 15-Unit Multifamily Property in Chicago’s Historic South Shore Neighborhood
Nancy GofisInland Communications
Oak Brook, Ill. – Inland Real Estate Commercial Brokerage, Inc. (“Inland Commercial Brokerage”) today announced the sale of a multifamily property located at 7400-7600 South Phillips Avenue in Chicago’s South Shore neighborhood. The seller and purchaser were both private investors.
The three-story, 15-unit building includes three four-bedroom, one and a half-bathroom units; two three-bedroom, one and a half-bathroom units; nine two-bedroom, one bathroom units; and a single six-bedroom, two-bathroom unit.
Senior vice presidents of Inland Commercial Brokerage Paul Montes and Eric Spiess, along with William Dozier of Coldwell Banker Commercial Real Estate, facilitated the transaction on behalf of the seller.
“The apartments are spacious and feature refinished hardwood floors, ceramic tile bathrooms and granite kitchen counters,” commented Paul Montes.
The property is four blocks from Chicago’s lakefront and two and a half miles from the future home of The Obama Presidential Center. “This location offers convenient access to the Chicago Skyway Toll Bridge and Jean Baptiste Point DuSable Lake Shore Drive, with CTA bus stations and the Grand Crossing Metra Station also within walking distance,” Montes added.
Additional nearby sites and attractions include the University of Chicago, the Museum of Science and Industry, the South Shore Cultural Center and Jackson Park Highlands.
About Inland Real Estate Commercial Brokerage, Inc.
Inland Real Estate Commercial Brokerage, Inc. (“IRECB”) is a boutique brokerage firm providing real estate solutions for sales and exchanges for private, public and institutional owners/managers of commercial investment real estate. IRECB is part of The Inland Real Estate Group of Companies, Inc. (“Inland”), one of the nation’s largest commercial real estate and financial groups, which is comprised of a group of independent legal entities some of which may be affiliates, share some common ownership or have been sponsored and managed by such entities or subsidiaries thereof. Throughout Inland’s history, its various brokerage entities have closed on more than $1.3 billion including 8,700 multifamily apartments and 140 million square feet of commercial real estate. For more information about IRECB, please visit www.inlandbrokerage.com.