Bill Silverstein Of Beal Properties Acquires Mixed-Use Property In Lincoln Park Chicago For $11.25M

A fully occupied, 35-unit mixed-use property located at 2200 North Clark Street in Chicago's Lincoln Park market has been sold for $11,250,000. The asset features a total of 10,000 square feet dedicated to ground-floor retail space along with a mix of residential units, comprising 11 studio units, 5 convertible units, and 8 one-bedroom units.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $11,250,000
• Units: 35
• Price Per Unit: $321,429
• Address: 2200 North Clark Street
• Market: Chicago

The transaction featured Beal Properties as the buyer, represented by Bill Silverstein. Interra Realty acted as the broker for the sale, with Brad Feldman, Craig Martin, and Joe Smazal representing both the seller, a local real estate investment firm, and the buyer in this deal.