facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

300 North Canal Street

Laura Hines-Pierce And Jeffrey C. Hines Acquire Multifamily Tower In Chicago For $151M
SOLDMultiFamily

Laura Hines-Pierce And Jeffrey C. Hines Acquire Multifamily Tower In Chicago For $151M

300 North Canal Street

$151,000,000

Building Size

Asset Type

MultiFamily

Closing

Nov 7, 2025

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.

Players

Kevin Girard

JLL

Broker

$1.6B

vol

19 deals

Broker
Jeffrey C. Hines

Jeffrey C. Hines

Hines

Buyer

$3.8B

vol

25 deals

Buyer

Jacques Chappuis

PGIM

Seller

$3B

vol

15 deals

Seller

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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