JAB Real Estate Sells Multifamily Property At 1553 North Wells Street In Chicago For $15.7M

The property involved in this transaction is a multifamily asset located at 1553 North Wells Street in Chicago. The sale finalized at a price of $15,700,000, encompassing a total of 24 units. This results in a price per unit of $654,167. The overall building size is 27,277 square feet, yielding a price per square foot of $575.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $15,700,000
• Units: 24
• Price per Unit: $654,167
• Square Footage: 27,277
• Price per Square Foot: $575
• Seller: JAB Real Estate
• Seller's Representative: Jim Darrow, Jordan Gottlieb & Brian Keegan - Essex Realty Group
• Date of Sale: 11/20/2025

The deal was represented by Jim Darrow, Jordan Gottlieb, and Brian Keegan from Essex Realty Group, ensuring the interests of the seller, JAB Real Estate, were effectively managed throughout the transaction process.