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1406 West Superior Street
SOLD

James Walsh Acquires Multifamily Property In Chicago's West Town For $1.6M

1406 West Superior Street

MultiFamily
5,925 SF
clock iconSold 163 days ago
Jason St. John
Jordan Multack
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Summary

Sale
ILLINOIS
MultiFamily
5,925 sqft

The three-story multifamily property located at 1406 West Superior Street in Chicago's West Town neighborhood has been sold for $1,585,000. The property consists of six fully leased and recently renovated apartments, offering potential for rent growth. Each unit was sold at an average price of $264,167, with a total square footage of 5,925 and a price per square foot of $268.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,585,000
  • Units: 6
  • Price Per Unit: $264,167
  • Square Footage: 5,925
  • Price Per Square Foot: $268

The property is strategically located near the intersection of Chicago Avenue and Ashland Avenue, offering convenient access to a variety of restaurants, bars, and other retailers. Its proximity to the Kennedy Expressway and the CTA Blue Line 'L' stop at Chicago Avenue further adds to its desirability. The property is situated in a thriving neighborhood, with Fulton Market to the north and Wicker Park/Bucktown to the south.

Greenstone Partners, represented by Jordan Multack and Jason St. John, facilitated the transaction. They exclusively represented the seller, a prominent Chicago-based investment group, and secured a private multifamily investor as the buyer.

Players

  • All

    3

  • Agents

    2

  • Agencies

    1

Jason St. John's profile picture
Jason St. John
Greenstone Partners-image
Managing Partner
$116M Sold
Jordan Multack's profile picture

Details

Deal Summary
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SOLD
IMAGE: Jordan Multack & Jason St. John DATE: 12/04/2023 ADDRESS: 1406 West Superior Street MARKET: Chicago ASSET TYPE: Multifamily BUYER: James Walsh SELLER: Larry Weiner BROKERS: Jordan Multack (@Tackness) & Jason St. John (@JasonStJohn) - Greenstone Partners (@GreenstonePartners) SALE PRICE: $1,585,000 UNITS: 6 ~ PPU: $264,167 SF: 5,925 ~ PPSF: $268 NOTE FROM BROKERS: Greenstone Partners recently completed the successful investment sale of 1406 West Superior, a three-story multifamily property in Chicago's vibrant West Town neighborhood. Boasting six fully leased and recently renovated apartments, this property presents promising rent growth potential for its new investor. The transaction closed at $1,585,000, or nearly $265,000 per unit. Strategically situated near the bustling intersection of Chicago Avenue and Ashland Avenue, this property enjoys proximity to a rich assortment of restaurants, bars, and other retailers. Its prime location adjacent to the Kennedy Expressway and the CTA Blue Line 'L' stop at Chicago Avenue positions it advantageously within a bustling corridor. Situated just north of Fulton Market and south of Wicker Park/Bucktown, the property benefits from a thriving locale with robust demographics, firmly establishing itself in the heart of an expanding neighborhood. Greenstone Partners’ Jordan Multack and Jason St. John exclusively represented the seller, a prominent Chicago-based investment group, and procured the buyer, a private multifamily investor.

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Address1406 West Superior Street

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