Quantum Real Estate Advisors, Inc. Brokers Sale of an 8-Unit Multi-Family Property in Chicago, Illinois

Chicago, IL (April 22, 2024) – Quantum Real Estate Advisors, Inc. has brokered the sale of an 8-unit multi-family building located at 5534 W. George St., Chicago, IL. The property sold for $925,000.

Mr. Maxfield had the following comments regarding the transaction, “Pricing in today’s market can be challenging. The team at Quantum worked with the seller to study the market and determine the ideal list price for the property. This generated tons of activity and allowed the seller to see the full market in a short period of time. This upfront diligence resulted in 8 tours and 5 offers in one week of marketing.“

The sale of 5534 W. George St. is a testament to having both parties aligned in their goals. Despite today’s debt market challenges and the hurdles involved in finding attractive debt, the buyer was able to arrange a new loan from Wintrust with attractive terms.

Maxfield said “We are so glad that both parties are pleased with the result of this transaction. The new owner will improve the current asset by upgrading the units and moving the rents to market.”

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.

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