Greenstone Partners Brokers Sale Of Two Multifamily Properties In Chicago For $3.55M

The transaction involves the sale of two multifamily properties located at 1343 North Western Avenue and 1045 North California Avenue in Chicago. The properties, comprising a total of 8 units, were sold for a combined price of $3,550,000, resulting in a price per unit of $443,750. Both properties are situated in sought-after areas, specifically Wicker Park and Smith Park, and have been designated as turnkey investments.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $3,550,000
• Address: 1343 North Western Avenue & 1045 North California Avenue
• Market: Chicago
• Units: 8
• Price Per Unit: $443,750

Senior Directors Jordan Multack and Jacob Goldstein from Greenstone Partners played a crucial role in facilitating the transaction, representing a private seller based in Chicago. The sale attracted a private investor looking for properties in high-quality locations that also offer value-add potential.