Monarch Realty Partners brokers $1.23 million sale of mixed-use property in Chicago’s Brainerd neighborhood

10/19/22

Chicago, IL – Monarch Realty Partners, a Chicago-based multifamily brokerage firm, has
negotiated the $1.23 million sale of a mixed-use building in Chicago’s far south Brainerd
neighborhood. The property, located at 9001 S Ashland Avenue, is a 26 unit building with 6
ground floor commercial spaces.

Monarch Senior Director Robert Berman and Analyst Rudy Hancock represented the seller, a
private local owner who had purchased the building over 30 years ago.
“Though interest rates are on the rise, we are continuing to see a healthy appetite for
multifamily and mixed-use assets”, says Berman. “Even for a value-add asset like Ashland, we
navigated a competitive bidding war, and went under contract with an offer at list price within
days of hitting the market”.

This sale becomes one of over half a dozen property sales that Berman and Hancock have
brokered on the south side in the past few months alone, including 6341 S. Campbell, 1354 W.
64th St, 6612 S Greenwood Ave, 6615 S Greenwood Ave, 7200 S Michigan Ave, and 7900 S
Wabash Ave.

Monarch Realty Partners
Leading the Way in Chicago Multifamily Brokerage

For More Information:
Robert Berman, Monarch Realty Partners

312-610-1704