Jordan Multack Of Greenstone Partners Represents Seller In $2.6M Multifamily Sale In Chicago

1945 North Winchester Avenue is a multifamily asset located in Chicago’s Bucktown neighborhood. The property consists of eight units and has a total square footage of 8,250. The asset was sold for $2,600,000, which reflects a price per unit of $325,000 and a price per square foot of $315.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,600,000
• Address: 1945 North Winchester Avenue
• Market: Chicago
• Units: 8
• Price Per Unit: $325,000
• Square Footage: 8,250
• Price Per Square Foot: $315

Senior Director Jordan Multack of Greenstone Partners represented the seller, a Chicago-based private investor group, and also procured the purchaser, a private individual based in the Chicago area. The buyer identified an opportunity to unlock additional value through rent growth and was drawn to the property's unique floor plans and spacious duplex layouts, along with its proximity to the highway and access to the Damen Avenue corridor.