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Greenstone Partners Sells Three Chicago Multifamily Properties For $3.31 Million

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SOLD
$3,310,000

Illinois

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MultiFamily
Sold 12/04/2025
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Property Image
SOLD

Greenstone Partners Sells Three Chicago Multifamily Properties For $3.31 Million

1446 North Campbell Avenue, 1520 West Superior Street & 2057 North Leclaire Avenue

See Similar Deals
MultiFamily
Sold 12/04/2025
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involved three multifamily properties located at 1446 North Campbell Avenue, 1520 West Superior Street, and 2057-59 North Leclaire Avenue in the Chicago market. The total sale price was $3,310,000, with a breakdown of 14 units resulting in a per-unit price of $236,429. These assets present value-add opportunities through potential cosmetic renovations and ADU conversions.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,310,000
  • Units: 14
  • Price Per Unit: $236,429

Jacob Goldstein, Jordan Multack, and Alexander Tychalski from Greenstone Partners led the marketing and negotiations for this transaction. They successfully secured multiple above-list offers and facilitated quick closings for all three deals across the West Town, Humboldt Park, and Belmont Cragin neighborhoods.

Players

Jacob Goldstein
20 deals$46.6M volume(847) 385-8181
BROKER

Jordan Multack
Greenstone Partners
47 deals$189.9M volume
BROKER

Alexander Tychalski
Greenstone Partners
3 deals$7.7M volume(224) 636-2539
BROKER

Greenstone Partners
BROKERAGE

Details

SOLD
IMAGE: Alexander Tychalski, Jordan Multack & Jacob Goldstein DATE: 12/04/2025 ADDRESS: 1446 North Campbell Avenue, 1520 West Superior Street & 2057-59 North Leclaire Avenue MARKET: Chicago ASSET TYPE: Multifamily BROKERS: Jacob Goldstein (@J3tinvestments), Jordan Multack (@Tackness) & Alexander Tychalski - Greenstone Partners (@GreenstonePartners) SALE PRICE: $3,310,000 UNITS: 14 ~ PPU: $236,429 NOTE: Greenstone Partners closed three Chicago multifamily sales totaling $3.31 million across West Town, Humboldt Park, and Belmont Cragin, with each property offering value-add upside through cosmetic renovations and ADU conversion potential. Jacob Goldstein, Jordan Multack, and Alexander Tychalski led the marketing and negotiations, securing multiple above-list offers and quick closings for all three deals.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$176,533.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,759.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,691.09
Annual Debt Service$188,293.06