Dana Elfvin Acquires Historic Multifamily Building In Noble Square Chicago

A historic landmark property located in Noble Square in Chicago, IL has been sold in a closed transaction. The multifamily property, situated at 1400 W Chestnut St, features a three-unit building with each unit consisting of three bedrooms and two bathrooms. Additionally, the property includes a five-car garage and a duplex unit with a private rooftop. The total square footage of the property is approximately 8,500 square feet. The transaction took place on 05/18/2022, with a sale price of $1,600,000. The price per square foot for the property is $188.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,600,000
• Date: 05/18/2022
• Address: 1400 W Chestnut St, Chicago, IL
• Market: Chicago, IL
• Buyer: Dana Elfvin
• Seller: 623 Lake LLC
• Broker: Nazy Hosseini - Compass
• Buyer's Attorney: Dennis Ansong
• Lender: Guaranteed Rate - Sharbel Shamoon

Dana Elfvin was the buyer in this transaction, while 623 Lake LLC acted as the seller. The broker who facilitated the deal was Nazy Hosseini from Compass. The buyer's attorney was Dennis Ansong. The lender involved in the transaction was Guaranteed Rate, with Sharbel Shamoon representing the lender. It's worth noting that the property was not listed for sale. However, Nazy Hosseini approached the sellers directly and negotiated an incredible deal on behalf of the buyer.