Devin Rowland Of Whitewater Management Holdings Acquires Chicago Multifamily From Wildwood Investments For $17.15M

The property located at 3421 North Ashland Avenue in Chicago is a multifamily asset comprising 53 units. The sale was completed at a price of $17,150,000, which translates to a price per unit of $323,584. The total square footage of the property is 42,518, resulting in a price per square foot of $403.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $17,150,000
• Units: 53
• Price per Unit: $323,584
• Square Footage: 42,518
• Price per Square Foot: $403
• Buyer: Devin Rowland - Whitewater Management Holdings
• Seller: Wildwood Investments & Contemporary Concepts
• Broker Representatives: Nathan Gautsche & Sean Mason - CRER (Chicago Real Estate Resources)
• Property Manager: KMA Property Management Services
• Lender: Kyle Kalkofen & Melissa Ambrose - JP Morgan Chase

The transaction involved key players, with Devin Rowland representing Whitewater Management Holdings as the buyer and Wildwood Investments & Contemporary Concepts acting as the seller. The brokers for this transaction were Nathan Gautsche and Sean Mason from Chicago Real Estate Resources, while KMA Property Management Services is assigned as the property manager. Financing for the deal was handled by Kyle Kalkofen and Melissa Ambrose from JP Morgan Chase.