Monarch Realty Partners brokers sale of 33-unit apartment building in Chicago’s Austin neighborhood
Chicago, IL – Monarch Realty Partners, a leading Chicago-based multifamily brokerage firm, has negotiated the sale of a 33-unit mixed-use building in Chicago’s Austin neighborhood. The property, located at 5636 W Division, consisted of 26 apartments and 7 commercial spaces.
Monarch Principal Robert Berman facilitated the transaction.
“We were able to procure an out-of-state investor who was attracted to the asset due to the stabilized in-place cash flow, as well as the opportunity to take advantage of rapidly increasing rental rates in this appreciating submarket. The deal was closed exactly 60 days after going into contract,” said Berman.
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Robert Berman, Monarch Realty Partners
5636 W Division