CHICAGO-Horizon Realty Group has purchased a vintage apartment building consisting of 170 units at 5050 N. Sheridan Road for an amount of $10.5 million. The North Side apartment investor has plans to invest another $4 million to improve the apartments and common areas of the property.
The apartment building was sold by Bowling Green, Kentucky-based Chandler Property Management. At first, the seller purchased the debt on the building and later it foreclosed on it. For the full story, go to Crain's Chicago Business .
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