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
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