Updated Nov 10, 2025
Laura Hines-Pierce And Jeffrey C. Hines Acquire Multifamily Tower In Chicago For $151M
300 North Canal Street
$151,000,000
Units
451
Asset Type
MultiFamily
Closing
Nov 7, 2025
About this deal
AI
The Left Bank apartment tower, a 37-story multifamily asset located at 300 North Canal Street in Chicago's West Loop, was sold for $151,000,000. This property comprises 451 units, translating to a price per unit of approximately $334,812.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $151,000,000
- Units: 451
- Price per Unit: $334,812
- Buyer: Laura Hines-Pierce & Jeffrey C. Hines - Hines
- Seller: Jacques Chappuis - PGIM Real Estate
- Brokers: Mark Stern, Kevin Girard & Zachary Kaufman - JLL
This transaction marks the second-largest apartment sale in Chicago for the year 2025. JLL representatives Mark Stern, Kevin Girard, and Zachary Kaufman assisted PGIM Real Estate in this significant deal.
On the Map
$151,000,000
MultiFamily
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Chicago MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93