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Marcus & Millichap Brokers Pair of South Shore Deals
Marcus & Millichap’s Hardy and Heitzman team has closed on a pair of multifamily deals in Chicago’s South Shore neighborhood. The duo of Anthony Hardy and Thomas Heitzman facilitated the sale of a 24-unit apartment building at 7722 S. Jeffery and a six-unit property at 7437 S. Chappel.
7722 S. Jeffery traded for $1.15 million, or $46,000 per unit. 7437 S. Chappel sold for $510,000, or $85,000 per unit. Sellers and buyers were not disclosed.
The Hardy and Heitzman team has been very active in Chicago’s South Side marketplace. Hardy noted that South Shore and the surrounding submarkets are still undervalued, with high renter demand and solid investment fundamentals.
As a result, he added, the South Shore neighborhood is experiencing an uptick in interest from savvy investors from the coasts and internationally.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition

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