HP Ventures Acquires 32-Unit Multifamily Property On 2050 N. Clark St, Lincoln Park For $20.5M

The recently closed property transaction in Lincoln Park involved a multifamily asset located at 2050 N. Clark St. The property features 32 units, with a per unit price of $640,625. The sale was facilitated by Bill Cassin from Apartment Investment Advisers, representing the buyer HP Ventures and the seller Novak Development. The transaction was completed on August 18, 2022, with a sale price of $20,500,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $20,500,000
• Units: 32
• Price Per Unit: $640,625
• Address: 2050 N. Clark St
• Market: Lincoln Park

Bill Cassin from Apartment Investment Advisers played a crucial role as the broker in this deal, representing both the buyer, HP Ventures, and the seller, Novak Development. Their expertise and negotiation skills contributed to the successful completion of the transaction.