Chicago, IL (November 15th, 2022) – Quantum Real Estate Advisors, Inc. has brokered the sale of a 4-unit mixed-use building located at 1909 W. Division St., Chicago, IL. The seller, a local investor, hired Quantum to facilitate this transaction because of Quantum’s strong experience in both retail and multi-family brokerage. Clayton Maxfield, Vice President of Quantum Real Estate Advisors, Inc. represented the seller in the transaction. Quantum led an extensive marketing campaign that resulted in numerous tours and offers. The property sold to a local investor for $1,913,000, equating to $478,000 per unit – a 2022 Wicker Park Price Per Unit Record!
Mr. Maxfield had the following comments regarding the transaction, “1909 Division was an excellent opportunity for an investor to acquire a 2021 renovated property in a highly desired retail corridor. We maintained momentum during the tumultuous times we are experiencing in the debt markets by working hand-in-hand with several local lenders to help achieve the seller’s desired price.”
The 3-story property is comprised of three apartment units and one retail unit. The ground floor retail unit is occupied by Independence, a local Chicago men’s shop specializing in all American-made clothing and accessories. The apartments, located on the second and third floors, are comprised of three, two-bedroom apartments.
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.