915 W. Addison St. was one of several properties liquidated by its owner, who was ready to enjoy retirement. Though the building was well maintained, it needed to be modernized to bring up to market rents. For the seller, the ideal buyer was was one willing to pay a fair market price with very clean terms and who could achieve a quick close.
A good match was found with a buyer who specializes in full scale, value-add rehabs. He saw great opportunity with this property as the units are very large, it is Wrigley Field adjacent, and the Addison 'L' stop is across the street. The buyer put down substantial earnest money immediately, bought the building “as-is” and made for a seamless transaction.