Chicago, IL (September 21, 2023) – Quantum Real Estate Advisors, Inc. has brokered the sale of an 11–unit multi-family property located at 835 N. Wolcott Ave., Chicago, IL for $3,760,000. The subject property was thoughtfully renovated with all new mechanicals in 2020 yielding renovated apartments that command top-of-the-market rents.
The buyer, an out-of-state repeat 1031 exchange client, worked with Quantum to facilitate this transaction because of Quantum’s strong experience in getting deals to the finish line in an ever-changing market. Quantum led an extensive due diligence process and courted several vendors to match the buyers’ needs.
Mr. Maxfield had the following comments regarding the transaction, “As we approached the closing date, a few hurdles arose in the 11th hour. As a team, Quantum was able to provide solutions ranging from overseeing remaining due diligence tasks, as well as coordinating with third-party managers for a successful transfer of ownership. “
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.