Greenstone Partners Sells Turnkey Multifamily Investment In Chicago's Bucktown Neighborhood For $1.74M

Greenstone Partners successfully sold 2030 West Churchill, a six-unit turnkey multifamily investment located in Chicago's Bucktown neighborhood, for $1,740,000. The property is situated on 2,400 square feet of land and offers a rare turnkey opportunity in one of Chicago's most beloved neighborhoods. The sale price equated to $290,000 per unit, with each unit having an average price per square foot of $386.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,740,000
• Address: 2030 West Churchill Street, Chicago
• Market: Chicago
• Units: 6
• Price Per Unit: $290,000
• Total Square Footage: 4,509
• Price Per Square Foot: $386

The purchaser was drawn to the property due to its immediate proximity to Damen Avenue, Churchill Field Park, and the Bloomingdale Trail ('The 606').

Jordan Multack and Jason St. John from Greenstone Partners represented both the seller, Anne Shutler, and the out-of-state private investor who closed the transaction. The sale was part of a 1031 tax-deferred exchange for the investor. Gary Modjeska was the buyer in this transaction.