NOVO Properties Announces New Acquisition in Chicago

Chicago, IL – August 2021

 

NOVO Properties (NOVO) is pleased to announce the acquisition of 8201 S Michigan Ave, a 43-unit multi-family property in Chicago, IL.

This traditional, courtyard style property consists of a mix of studio, one- and two-bedroom apartments. The building is located in the quiet, residential Chatham neighborhood on Chicago’s South Side. Tucked in on a tree-lined street of single-family homes, residents enjoy a short walk to shopping and public transportation.

“NOVO has long sought the opportunity to purchase property within the Chatham neighborhood and 8201 S Michigan is one of the largest apartment buildings in the area,” said Jamie Glascott, NOVO’s Chicago Partner. “Its highly desirable location will make the property a sought-after destination for residents on Chicago’s South Side.”

For more information about this acquisition, please contact NOVO Properties’ at (773) 285-3310, or visit the NOVO Properties website at www.LiveNovo.com.

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NOVO Properties is a multi-family owner, developer and property management company headquartered on Capitol Hill in Washington, DC. NOVO currently owns and manages a portfolio of approximately 2,000 apartment homes and development land throughout Washington, DC, Maryland, Virginia and Chicago.