NORTH RIVERSIDE, IL–(May 21, 2015) – Frontline Real Estate Partners closed the sale of an 8,250 square foot mixed use building located at 7924 W. 26th Street in North Riverside, Illinois. The three-story building consisting of four 2-bedroom apartments and two retail storefronts was fully occupied at the time of sale. Frontline listed the property for sale on behalf of a bank that took ownership through foreclosure. Multiple offers were procured to purchase the property within the first two weeks of taking it to market. The property ultimately sold for 96% of the $595,000 asking price on May 21, 2015, within three months of listing the property.
About Frontline Real Estate Partners
Frontline Real Estate Partners, LLC is a Chicago-based real estate investment and advisory company with expertise in the acquisition, management, disposition, and leasing ofcommercial real estate properties throughout the United States.Founded in 2010, Frontline invests in value-add properties and provides transactional and advisory services to banks, financial institutions, and owners with a focus on the real estate restructuring industry.
