Stewart Beal Of Beal Properties Acquires Multifamily Building In Chicago For $27 Million

A 94-unit apartment building located at 1344 North Dearborn Street in Chicago has been sold for $27 million. The property, part of the multifamily asset class, was 95% occupied at the time of the sale and features recent capital upgrades. The price per unit was approximately $287,234.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $27,000,000
• Address: 1344 North Dearborn Street
• Market: Chicago
• Units: 94
• Price Per Unit: $287,234
• Buyer: Stewart Beal - Beal Properties
• Seller: Antonio Bismonte - Ravinia Capital Group
• Broker: Ralph DePasquale - Berkadia Chicago

The acquisition was facilitated by Ralph DePasquale representing Berkadia Chicago. Stewart Beal from Beal Properties has successfully expanded his portfolio with this strategic purchase from Antonio Bismonte of Ravinia Capital Group, enhancing the multifamily offerings in the Chicago market.