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

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.