$21,500,000 Portfolio Just Sold by Steven Rapoport, CCIM: 23-Buildings, 348 Apartments & 23 Retail Units

Steven Rapoprt, CCIM just completed a transaction representing the seller of a $21,500,000 portfolio of real estate comprised of 23-buildings, 348 apartment units and 23 retail units located near Midway Airport.The buildings sold in excellent condition and the occupancy rate for the residential component was about 94 percent at the time of sale.

The Real Deal – Icarus Investment Group secured a $20.3 million bridge loan for the purchase of 23-building portfolio comprising 325 apartment units near Midway Airport, The Real Deal has learned.

The financing from Pembrook Capital Management smoothes the way for Icarus, headed by CEO David Pezzola, to buy the three- and four-story walk-ups from Cano Properties.

Considering selling your real estate holdings? Contact me for a free valuation report for your Chicago commercial or investment property.

Steven Rapoport, CCIM | Chicago Real Estate Resources | Cell: 847-863-2707 | Email: stevenr@crer.com

Other Listings by Steven Rapoport
Other Listings by Steven Rapoport

As a broker with Chicago Real Estate Resources and lifelong resident of the Chicago area, Steven has completed over 200 real estate sales and leasing transactions over the last 9 years. His primary focus is listing mid-market investment properties in the City of Chicago ranging in value from $500,000 to $5,000,000. Read More >


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