Multifamily N Illinois

Chicago Lawn 10-unit apartment building near Marquette Park closes for $355K

Marquette Park 10-unit apartment building closes for 355K,ph1

Chicago-based 5M Group, Inc. has closed on the sale of 6457 S. Francisco Avenue, a 10-unit, 10,000-square-foot apartment building. Built in 1927, the property is approximately half a mile north of Chicago’s Marquette Park, and less than a mile east of Kedzie Avenue.

Located in the greater Chicago Lawn neighborhood—with its mix of local and big box retailers, pharmacies, commercial goods and services, financial institutions and more—the subject property has excellent accessibility to The Loop, I-90/94 and the CTA Ashland/63rd St. station (Green Line).  Mark Reiter and Paul Nelhart of 5M Group brokered the $355,000 deal. It was on the market for only 45 days before closing.