Hyde Park property to sell for 160 MILLION?!
Recession?! What recession?
Apparently, major deals are still happening every day.
Sources close to this deal are stating that Regents
Park will soon be sold for close to 160 MILLION!
Regents Park is a large and popular complex in the
Hyde Park neighborhood. It has about 1,000 units
and the rent prices are not cheap.
Rental demand is very high right now in the area.
So, that fact made this an attractive buy to the investors
from New Jersey.
They also are probably aware that a lot of new amenities
are coming to Hyde Park in the next few years.
(i.e. Hotel, movie theatre, grocery store, etc. )
So they are betting on the fact that the rents will keep rising
to the top!
This is the second biggest purchase this year in Chicago.
So this is really a big deal 
(pun intended)
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Until the next time,
Mark Killion
Real Estate Broker
Century 21 Affiliated
5200 S. Harper Ave
Chicago, IL 60615
24 Hour Voice Mail: 312-242-1822
Send me a note!
Visit me online: www.773property.com
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