Monarch Brokers $1.75M Sale of Two Bucktown Apartment Buildings
BUCKTOWN – Monarch Realty Partners brokered the sale of 2 apartment buildings in Chicago’s Bucktown neighborhood for $1,750,000. Bill Baumann of Monarch represented the seller while Brian Semel of Monarch represented the buyer.
“The transaction illustrates the strong demand we continue to see for neighborhood multifamily properties – not just value-add opportunities but also stabilized, updated buildings like these”, said Baumann.
Located at 2145 W. Webster and 2144 W. Shakespeare, the buildings which included seven (7) units backed up to each other sharing a common courtyard between them. Significant renovations had been completed by the seller in recent years including renovating kitchens and bathrooms as well as installing individual HVAC in all units. Located in the heart of Bucktown, just west of I-90/94, the properties are located near dozens of restaurant, shopping and nightlife options just blocks away on Damen, Armitage and Western.
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