Levav Properties Acquires Multifamily Asset From Beverly Commons In Chicago For $3.69M

This multifamily asset located at 1518 West 99th Street in Chicago features 32 units within a total square footage of 30,000. The property was sold for a transaction amount of $3,692,000, reflecting a price per unit of $115,375 and a price per square foot of $123.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,692,000
• Buyer: Levav Properties
• Seller: Beverly Commons
• Broker: Jack Stanton - Marcus & Millichap
• Units: 32
• Square Feet: 30,000
• Price Per Unit: $115,375
• Price Per Square Foot: $123

The transaction involved Levav Properties as the buyer, purchasing the asset from Beverly Commons, with representation provided by broker Jack Stanton from Marcus & Millichap. The deal highlights the active multifamily property market in Chicago.