Emmett Cunnigham Jr. & Sharon Shaw Acquires Mixed-Use Property In Chicago For $17.5M

San Francisco investors Emmett Cunningham Jr. and Sharon Shaw have acquired a 36-unit apartment building located at 925 West Chicago Avenue in the River West neighborhood of Chicago. The property, known as Germain House, was sold for a total of $17.5 million. The transaction underscores the attractiveness of the Fulton Market area, which has become a highly sought-after destination for both office and multifamily investments in Chicago.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $17,500,000
• Address: 925 West Chicago Avenue, Chicago
• Market: Chicago
• Buyer: Emmett Cunningham Jr. & Sharon Shaw
• Seller: Ted Thilman - Rockwell Property
• Total Units: 36
• Price Per Unit: $486,111

The buyers, Emmett Cunningham Jr. and Sharon Shaw, are noted San Francisco investors. The sellers in the transaction were Ted Thilman, representing Rockwell Property. The acquisition of Germain House is a testament to the flourishing real estate market in the Fulton Market neighborhood of Chicago, which has become a prime location for both residential and commercial real estate investments.