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Matthews Arranges Sale of South Shore Apartments at Top-of-Market Pricing

Matthews Real Estate Investment Services completed the $6,300,000 sale of a 65-unit multifamily building located at 7733 S South Shore Dr. in Chicago’s South Shore neighborhood. The firm said the deal closed at top-of-the-market pricing, $96,923 per unit. VP Finley Askin represented the seller and buyer in the transaction.

Matthews closed with the first buyer selected, an out-of-state investor looking to plant capital in the Chicago MSA. The seller, who acquired the property in 2021, renovated and leased the units, capitalizing on the property’s low vacancy and modern finishes at sale.

“Selling this property to the seller in 2021 allowed me to execute a seamless transactional process, going from listing to closed in just 120 days,” said Askin.


Inside The Story

Matthews Real Estate's Askin

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 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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