Drew Breneman Sells 8-Unit Multifamily Property In Logan Square For $3.575M

Greenstone Partners successfully sold 3332-34 West Palmer, a 12,800-square-foot turnkey multifamily investment in Chicago's Logan Square neighborhood. The fully leased eight-unit property closed at $3,575,000, or approximately $445,000 per unit. Situated just three blocks west of Palmer Square Park, the property boasts proximity to various restaurants, bars, and retailers. Less than a mile from the CTA Logan Square Blue Line "L" station and serviced by various CTA Bus lines, its location is highly accessible. Nestled northwest of the corner of Armitage Avenue, an area renowned for Michelin-star restaurants, bars, and breweries, the property thrives in a bustling locale with strong demographics firmly rooted in the heart of this expanding neighborhood.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $3,575,000
• Units: 8
• Price per Unit: $445,000
• Square Footage: 12,800
• Price per Square Foot: $279
• Address: 3332 West Palmer Street
• Market: Chicago

Greenstone Partners’ Jordan Multack represented the seller, Drew Breneman, a Chicago-based private investment firm, in the transaction.