Beal Properties Acquires Multifamily Building In Lakeview East, Chicago For $17.5M

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.