“Investors are actively seeking deals in Kenwood and other fast-growing submarkets on Chicago’s South Side,” said Smazal. “This gut-rehabbed building with modern finishes and vintage charm is a rarely available asset situated in a historic area of Kenwood surrounded by mansions with large, deep lots. We procured multiple written offers and closed the deal at a price that reflects the desirability of investments in this neighborhood.”

Built in 1922, 4740-48 S. Greenwood offers 12 one-bedroom and 19 two-bedroom apartments, each with one bath. Residences feature hardwood flooring and updated kitchens with granite countertops and stainless steel appliances. Other on-site amenities include laundry facilities and a large courtyard.

Read article: Multihousing Pro