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RPI Ventures Purchases Development Site From Larry Imburgia For $1.425M In Chicago

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SOLD
$1,425,000

Illinois

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Development Site400 SF
Sold 04/15/2025
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Property Image
SOLD

RPI Ventures Purchases Development Site From Larry Imburgia For $1.425M In Chicago

2072 North Western Avenue

See Similar Deals
Development Site400 SF
Sold 04/15/2025
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Development Site
Price Per Square Foot:$3,562
Total Square Footage:400 SF
Transaction Type:Sale

The transaction involved a development site located at 2072 North Western Avenue in Chicago. The property was sold for a total of $1,425,000, which translates to approximately $157 per square foot, encompassing a total area of 9,089 square feet in a competitive market environment.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: $1,425,000
  • Sale Price per Square Foot: $157
  • Square Footage: 9,089
  • Buyer: RPI Ventures
  • Seller: Larry Imburgia
  • Seller's Rep: William Lundy - Brookline Real Estate & Investments
  • Date of Sale: 04/23/2025
  • Market: Chicago

This deal was facilitated by William Lundy representing the seller, Larry Imburgia. The property was acquired by RPI Ventures, a local developer planning to construct a multi-story development, though the specific number of units has yet to be determined.

Players

William (Bill) Lundy
William Lundy
3 deals$21.3M volume
BROKER
BE
Brookline Real Estate
BROKERAGE

Details

SOLD
IMAGE: Bill Lundy DATE: 04/23/2025 ADDRESS: 2072 North Western Avenue MARKET: Chicago ASSET TYPE: Development Site BUYER: RPI Ventures SELLER: Larry Imburgia SELLER'S REP: William Lundy (@Wglundy9) - Brookline Real Estate & Investments (@Brookline_Real_Estate) SALE PRICE: $1,425,000 SF: 9,089~ PPSF: $157 NOTE: 2072 N Western Avenue closed for $157 per square foot, delivering a successful outcome in a highly competitive market. A local developer purchased the property to build a multi-story development with a to-be-determined number of units.

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