SVN Chicago Commercial announced the successful $1.2 million sale of a 7-unit multifamily property located at 2935 S. Throop Street in Chicago’s Bridgeport neighborhood. The transaction equates to approximately $171,429 per unit.
Situated on a prominent corner lot just steps from Palmisano Park, the building features long-term tenants, a stabilized rent roll, and numerous recent property updates. The asset also includes a full basement with shared laundry.
The property’s location in the highly desirable Bridgeport neighborhood, combined with its stabilized tenancy and strong physical condition, generated notable investor interest during the marketing process.
“Properties with strong fundamentals and long-term stability continue to attract investors seeking reliable performance in established Chicago neighborhoods,” said Paul Cawthon and Angelo Labriola, the closing brokers with SVN Chicago Commercial. “Bridgeport remains a highly desirable market for multifamily investment, and assets like this rarely stay available for long.”
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