Chicago & Midwest + North Side + Apartments | December 21, 2020

AIA Trades Properties Across Multiple Neighborhoods

Apartment Investment Advisers recently sold several apartment buildings in the South Shore, Washington Park, and Auburn Gresham neighborhoods on Chicago’s south side.

In the largest of the four deals, AIA sold a 29-unit apartment building at 8301 S. Green in Auburn Gresham for $1,305,000 and $45,000 per unit. The firm’s Jack Cassin was the sole broker.

Cassin also sold a nine-unit apartment building at 7843 S. Morgan in Auburn Gresham for $539,000, or $59,889 per unit.

He teamed with AIA’s Mike Lindbad to sell a six-unit apartment building at 6812 S. Merrill in South Shore. The property traded for $500,000, or $83,333 per unit.

Finally, Lindblad was the sole broker in the sale of a six-unit apartment building at 6201 S. Michigan in Washington Park. It sold for $405,000, or $67,500 per unit.

Pictured: 8301 S. Green.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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