Matthew Berry Of Wayland Real Estate Capital Acquires Mixed-Use Property In Chicago For $7.5M

The property asset involved in the transaction is located at 1509 North Western Avenue, Chicago, with a total sale price of $7,500,000. It comprises 19 units, including 18 residential and 1 commercial space, encompassing a square footage of 24,000. The price per unit (PPU) is $394,737, and the price per square foot (PPSF) is $312. The asset type is categorized as mixed-use.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $7,500,000
• Units: 19 (18 Residential & 1 Commercial)
• Square Footage: 24,000
• Price Per Unit (PPU): $394,737
• Price Per Square Foot (PPSF): $312
• Buyer: Matthew Berry - Wayland Real Estate Capital
• Broker: Jordan Multack - Greenstone Partners

Jordan Multack, Partner at Greenstone Partners, effectively represented both the seller and purchaser in this transaction. The property, situated in Chicago's Wicker Park neighborhood, generated notable interest from private investors attracted to its institutional-quality finishes and potential for future rental growth.