Crain’s Chicago Business: Kenwood apartment buildings fetch $18 million
The buildings are at 4001 S. Ellis Ave., 4433 S. Greenwood Ave., 4737 S. Ingleside Ave., 4746 S. Ingleside Ave., 4500 S. Drexel Blvd., and 811 E. 46th St., said David Goss, co-founder and managing partner for Interra Realty, which brokered the sale, representing buyer Mendy Raskin and seller Wolcott Group.
The buildings total 204 units; the price per unit was $88,112. Wolcott Group bought the properties about 16 years ago, according to Goss.
Rent collection at the properties was 97.5 percent from April through July.