Dwelle Acquires 16-Unit Multifamily Property In Chicago For $4.4M

The multifamily property located at 3433-3443 N. Lakewood Avenue in Chicago was recently sold for a total price of $4,400,000. The transaction took place on November 20, 2020. The property consists of 16 units, resulting in a price per unit (PPU) of $275,000. The buyers of the property were Drew Breneman and Sam Meyer, representing Dwelle. The deal was facilitated by Kyle Stengle from the brokerage firm Marcus & Millichap.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,400,000
• Units: 16
• Price Per Unit (PPU): $275,000
• Buyer: Dwelle - Drew Breneman & Sam Meyer
• Broker: Kyle Stengle - Marcus & Millichap

The sale of the property at 3433-3443 N. Lakewood Avenue in Chicago was facilitated by Kyle Stengle from Marcus & Millichap. Drew Breneman and Sam Meyer, representing Dwelle, were the buyers. This transaction further highlights the vibrant multifamily market in Chicago.