“The sale is indicative of continued strong demand for multifamily properties on the South Side of Chicago, especially in the Kenwood neighborhood,” said Stratman. “The value-add component here made the property especially attractive.”
 
He added that 4400 S. Drexel was under contract prior to the COVID-19 pandemic. After a delay caused by the virus, both buyer and seller agreed to complete the deal with no change in price or terms.

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