Constructed in 1929, the South Shore property is located at 6811 S. Paxton Ave. The building had a 97 percent occupancy rate at the time of sale, while rent collections were 95 percent for both April and May. The unit mix comprises five studio, nine one-bedroom, 10 two-bedroom and five three-bedroom units. The new owner plans to renovate certain units that haven’t previously been upgraded. 

Read article: Multi-Housing News