REBusinessOnline

33 Realty Brokers $15.2M Condo Deconversion Sale in Oak Park, Illinois

The 79-unit building is located at 932 W. Pleasant St.

OAK PARK, ILL. — 33 Realty has brokered the sale of a 79-unit condo building located at 932 W. Pleasant St. in Orland Park for $15.2 million. The Pleasant Court Condominium Association was the seller. The buyer, a family office looking to increase its holdings in suburban infill markets, plans to convert the building into rental apartment units and complete renovations. 33 Realty’s sister company, Cubed Construction, will complete the renovations, which are estimated to cost $3 million. Completion of the renovation project is slated for spring 2020. Drew Millard and John Meyer of 33 Realty represented the buyer in the sale.

Get more news delivered to your inbox. Subscribe to France Media's twice-weekly regional e-newsletters. Click here.



Related News

Conferences