SOLD
Beal Properties Acquires Multifamily Building In Lakeview East, Chicago For $17.5M
528 West Oakdale Avenue
MultiFamily
Sold 198 days ago
Summary
Sale
ILLINOIS
MultiFamily
A 60-unit multifamily building located at 528 West Oakdale Avenue in Chicago's Lakeview East neighborhood has been sold for $17.5 million. The sale was brokered by Interra Realty, with Craig Martin and Joe Smazal representing both the buyer, Beal Properties, and the seller, Horizon Realty Group. This transaction highlights the continued demand for high-quality assets in desirable neighborhoods, with each unit priced at approximately $291,667.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,500,000
- Units: 60
- Price Per Unit (PPU): $291,667
- Market: Chicago
The buyer, Beal Properties, and the seller, Horizon Realty Group, have successfully completed this transaction with the assistance of Interra Realty's Craig Martin and Joe Smazal. Both parties were represented by these brokers, emphasizing their expertise and experience in the Chicago market.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Craig Martin & Joe Smazal
DATE: 10/17/2023
ADDRESS: 528 West Oakdale Avenue
MARKET: Chicago
ASSET TYPE: Multifamily
BUYER: Beal Properties (@BealChicago) - Bill Silverstein
SELLER: Horizon Realty Group (@HorizonChicago) - Danny Michael
BROKERS: Craig Martin & Joe Smazal (@JSmazal) - Interra Realty (@InterraRealty)
SALE PRICE: $17,500,000
UNITS: 60 ~ PPU: $291,667
NOTE: Interra Realty brokered the $17.5 million sale of a 60-unit multifamily building in Chicago's Lakeview East neighborhood, equating to $291,667 per unit. Interra's Craig Martin and Joe Smazal represented both the buyer, Beal Properties, and the seller, Horizon Realty Group, in a deal that highlights continued demand for high-quality assets in desirable neighborhoodsView on map
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Address528 West Oakdale Avenue
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