04/29/2026
Distressed 12-Unit Asset Attracts Multiple Offers, Acquired by Value-Add Investor
CRER brokers Steven Rapoport and Finley Askin successfully closed the sale of 605 E 80th Street in Chicago, a 12-unit REO property positioned for significant value-add upside. Opportunities like this continue to attract serious investor attention, and this deal was no exception, generating strong interest from buyers targeting repositioning plays.
CRER has had a dedicated Receivership division with long-standing relationships that consistently position us to handle and sell REO properties. For lenders and sellers, this means a broker who can stabilize the asset, create competitive tension, and maximize recovery. For buyers, it provides access to true value-add opportunities with a clear path to closing and meaningful upside.
CRER brokers Steven Rapoport and Finley Askin successfully closed the sale of 605 E 80th Street in Chicago, a 12-unit REO property positioned for significant…