Standard Cos Acquires 371-Unit Multifamily Property In Chicago For $40M

The multifamily property located at 5550 North Kenmore Ave in Chicago was recently sold for $40,000,000. The transaction involved 371 units, equating to a price per unit of $107,817. The sale was facilitated by the brokerage firm Berkadia.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $40,000,000
• Units: 371
• Price Per Unit: $107,817
• Address: 5550 North Kenmore Ave
• Market: Chicago

The buyer of the property was Standard Cos, represented by Jeffrey Jaeger as Standard Cos' broker. The seller was Eagle Management RE LLC.