1426 Cicero, Cicero IL

ARP was exclusively engaged by a 1031 Exchange buyer to find a replacement property in order to complete a successful exchange. ARP identified this 24 unit building that featured under market rents. The building benefited from a Class 9 property designation from Cook County, which provided a lower than average property tax bill. ARP structured a deal where the seller provided financing for three years allowing the 1031 buyer to close in a timely fashion and complete his exchange.