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Albert Rabil Of Kayne Anderson Real Estate And Will Murphy Of CEDARst Companies Buy 289-Unit Multifamily Tower In Chicago

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SOLD

Illinois

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MultiFamily
Sold 07/25/2025
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Property Image
SOLD

Albert Rabil Of Kayne Anderson Real Estate And Will Murphy Of CEDARst Companies Buy 289-Unit Multifamily Tower In Chicago

300 North Michigan Avenue

See Similar Deals
MultiFamily
Sold 07/25/2025
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily asset located at 300 North Michigan Avenue in Chicago has been sold. This property features 289 residential units and encompasses a total retail space of 25,000 square feet. The asset, known as Millie on Michigan, was completed in 2022 and is currently 95% leased.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 289
  • Address: 300 North Michigan Avenue
  • Market: Chicago
  • Retail Space: 25,000 square feet

The acquisition was made by Albert Rabil from Kayne Anderson Real Estate and Will Murphy from CEDARst Companies, utilizing CEDARst’s Opportunistic Fund I to complete the transaction.

Players

Will Murphy
CEDARst Companies
Will Murphy
8 deals$440.7M volume
BUYER
KE
Kayne Anderson Real Estate
BUYER
CEDARst Companies
CEDARst Companies
BUYER
KE
Kayne Anderson Real Estate
BUYER

Details

SOLD
IMAGE: Will Murphy & Albert Rabil DATE: 07/25/2025 ADDRESS: 300 North Michigan Avenue MARKET: Chicago ASSET TYPE: Multifamily ~ UNITS: 289 BUYER: Albert Rabil (@Albert_Rabil) - Kayne Anderson Real Estate; Will Murphy - CEDARst Companies (@CedarStCo) NOTE: Kayne Anderson Real Estate and CEDARst Cos. acquired Millie on Michigan, a 47-story, 289-unit luxury apartment tower with 25,000 sf of retail at 300 N. Michigan Ave. The 95% leased property, completed in 2022, was purchased through CEDARst’s Opportunistic Fund I.

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