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Chicago & Midwest  + Greater Chicagoland  + Apartments  |  November 6, 2024
Jasmine Kilman
By: Jasmine Kilman

SVN Closes Sale of High Price-Per-Door Lombard Deal

SVN Chicago Commercial has announced the sale of a seven-unit multifamily property at 143 E Grove Street in Lombard, Illinois.

Facilitated by Joe Connelly of SVN Chicago Commercial, the property sold for $1,257,500 or $179,643
per unit, marking one of the highest price-per-door transactions in Lombard to date. The high demand for multifamily investment opportunities coupled with the strategic positioning of 143 E Grove Street contributed to the property’s record-setting price.

The four-story midrise property encompasses 5,950 square feet, and attracted multiple offers, ultimately resulting in an all-cash transaction procured by SVN advisor David Szymanowski.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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