“This sale underscores the rising profile of South Shore in the eyes of both local and out-of-state investors,” said Smazal, adding that between 25 and 30 prospective buyers toured the property, with nine submitting written offers. “Rents and property values have been slower to appreciate in some of these South Side neighborhoods, so there’s more upside for buyers willing to venture outside Chicago’s downtown core. In the case of the Shorewind properties, the proximity to the lakefront and planned developments like the Obama Presidential Center and Tiger Woods-designed golf course also supports long-term value.”

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