Connect Chicago: Kenwood Multifamily Sale Points to Continued Strong Demand

Brian DiBasilio
Jeremy Morton
Lucas Fryman
Ted Stratman
Brian DiBasilio
Jeremy Morton
Lucas Fryman
Multifamily
News
Ted Stratman
Transactions

“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.

Read article: Connect Chicago