Drew Breneman Of Breneman Capital Acquires 47-Unit Multifamily In Chicago For $17.9M

Jerry Reinsdorf, owner of the Chicago Bulls and White Sox, has sold a 47-unit apartment complex located at 33 South Ashland Avenue in Chicago's West Loop. The property was acquired by investor Drew Breneman's firm, Breneman Capital, for a total of $17.9 million. This transaction reflects the increasing housing demand in the area.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $17,900,000
• Address: 33 South Ashland Avenue
• Market: Chicago
• Buyer: Drew Breneman - Breneman Capital
• Seller: Michigan Avenue Real Estate Group - Jerry Reinsdorf
• Units: 47
• Price per Unit: $380,851

Jerry Reinsdorf, a prominent figure in the sports industry as the owner of the Chicago Bulls and White Sox, sold the 47-unit apartment complex to Drew Breneman's Breneman Capital. This deal exemplifies the growing demand for housing in the West Loop area of Chicago.