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Larger-Scale Bronzeville Multifamily Changes Hands
Apartment Investment Advisers (AIA) recently closed the sale of an apartment building in the Bronzeville neighborhood on Chicago’s South Side. The 37-unit building at 4817 S. King Dr. sold for $2,350,000, or $63,514 per unit.
Mike Lindblad of AIA was the sole broker involved in the deal. Buyer and seller weren’t disclosed.
AIA notes that Bronzeville has seen a great deal of investor interest in recent months, given its ideal location between the South Loop and Hyde Park. “This was a rare opportunity to bring new life to a larger-scale-property along the historic boulevard on King Drive,” said Lindblad.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition

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