Horizon Realty Acquires Multifamily Property In Edgewater, Chicago For $38.5M

The multifamily property located at 5600 North Sheridan Road in Edgewater, Chicago, has been sold in a closed transaction for $38,500,000. The property consists of 133 units, with an average price per unit of $289,474. The total square footage of the property is 98,800, with a price per square foot of $390.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $38,500,000
• Units: 133
• Price per Unit (PPU): $289,474
• Square Footage (SF): 98,800
• Price per Square Foot (PPSF): $390
• Market: Edgewater, Chicago

The buyer of the property is Horizon Realty, represented by Danny Michael of the same agency. The seller of the property is Alcion Ventures.