Capstone has closed the sale of 1802-1806 E La Salle St, a 20,678 square foot, 30-unit multifamily property for the sale price of $3,700,000. Jason Koch of Capstone represented the Seller and Austin Smith of Capstone represented the Buyer in the transaction.
The property boasts a diverse unit mix of 18 one-bedrooms and 12 two-bedrooms. Residents enjoy the renovated interiors, off-street parking, and large front yard area.
La Salle is conveniently located on the corner of N union Blvd and E La Salle St. The property is located blocks away from retail and dining locations including a neighborhood Walmart.
Buyer plans on implementing further renovations to units as they become available. Buyer will also put capital to exterior improvements to make the building as clean and safe for residents as possible.
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About Capstone:
The goal of Capstone is to help generate, maintain, and increase the value and profitability of our clients’ multi-housing investment properties. To do so, we provide comprehensive multi-housing advisory services in asset acquisition and development, strategic ownership decisions, market insight and positioning, property value analysis, and disposition brokerage to support our clients in every stage of ownership. This comprehensive multi-housing-focused service offering paired with our relentless drive to win on behalf of our clients is what sets us apart from pedestrian brokerage firms. Capstone simply put: Expertise. Experience. Extra-Mile.
