Chicago, IL (December 7th, 2022) – Quantum Real Estate Advisors, Inc. has brokered the sale of a 10-unit multi-family building located at 2919 W. Whipple St., Chicago, IL. The property sold for $1,975,000.
Clay Maxfield exclusively marketed the property for sale on behalf of the owner. Utilizing Quantum’s proprietary database and targeted marketing approach, Quantum was able to procure an offer within one day of marketing. The offer was at 98.75% of the asking price and had no financing contingency. Using his extensive knowledge of the current capital markets environment, Mr. Maxfield was able to educate his client on the state of the market, helping secure the buyer in short order.
Mr. Maxfield had the following comments regarding the transaction, “This transaction showed the depth of Quantum. This lead started as a referral from my associate, Seth Gilford. Seth was advising the owners of Whipple on potential 1031 opportunities if they disposed of their asset. Once Seth learned that they were was motivation to sell their apartment building, he immediately looped me in. As a team, Seth and I were able to dual-track this lead and successfully beat out competing firms for the listing because Quantum offered multiple service lines.”
2919 Whipple features all one-bedroom apartments that have hardwood floors throughout, updated bathrooms, and landlord-paid boiler heat. Additionally, over the past 10 years, previous ownership has invested over $600,000 in capital improvements.
Quantum Real Estate Advisors, Inc. (www.QREAdvisors.com) specializes in investment sales brokerage, assisting clients in the acquisition and disposition of commercial real estate. Quantum has the capacity through strategic alliances to offer full-service leasing brokerage, receivership, management, and financing.