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Obama Center Buzz Fuels South Side MF Sales
Marcus & Millichap has brokered sales of six multifamily properties totaling more than $7.6 million near the planned site of the Obama Presidential Center. Five of the properties, including 7040 S. Cregier Ave. (pictured), are in neighborhoods surrounding the future library site, while the sixth is in the nearby suburb of Dolton, IL.
The firm’s Anthony Hardy and Tom Heitzman marketed the properties on behalf of the sellers. Hardy and Heitzman also represented the buyers, with Ryan Engle joining them to represent the seller of the Dolton property.
“These transactions underscore growing interest in South Side neighborhoods and suburbs that offer a value proposition to renters and investors alike,” said Hardy, who noted all six properties sold within three weeks. “Sale activity has been fueled by buzz around planned projects like the Obama Presidential Center and Tiger Woods-designed golf course – both of which would be located in nearby Jackson Park.”
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- ◦Sale/Acquisition

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