CHICAGO, IL – Silver Property Group (SPG), a Chicago-based property management, development, and investment company, has closed on a 20-unit vintage neighborhood building located at 2200 N. Avers Ave. in the Avondale neighborhood of Chicago.

This marks the sixth and final building acquired from Pioneer Acquisitions, a New York-based investment firm, as part of a broader 117-unit portfolio transaction totaling $22.3 million. All six buildings, originally failed condo conversions, were acquired by Pioneer from distressed ownership and feature condo-quality finishes. The deals were brokered by Interra Realty’s Joe Smazal.

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BisNow: This Week’s Chicago Deal Sheet.