4740 S. Greenwood – Chicago
Located at 4740 S. Greenwood, just one and a half blocks north of President Barak Obama’s permanent residence, this completely renovated vintage courtyard includes 31 apartments, bike storage and laundry room. The unit mix is 12 one‐, 13 two‐, and six three‐bedroom apartments, each with one bath. Extensive renovations completed in 2013 include a roof tear-off, skylights, windows, tuck-pointing, new water main, plumbing, electric, and waste stacks. It sold for $4.3 million.
“This property sold quickly as its convenient location and excellent building condition provide a market vacancy of less than 5 percent,” said Zack Hofstadter, associate with Kiser Group, who represented the seller in the transaction.
“The new condo-quality luxury finishes in the units also appealed to the buyer,” said Bill Baumann, senior managing director with Kiser Group, who represented the buyer in the sale.