Lincoln Property Company Acquires Multifamily Property In Chicago For $94.2M

Located at 727 North Wabash Avenue in Chicago, this multifamily property was recently sold in a closed transaction. The sale took place on 10/25/2021 and was facilitated by the real estate brokerage firm CBRE.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $94,200,000
• Market: Chicago
• Units: 171
• Price per Unit: $550,877

The buyer, Lincoln Property Company represented by Tim Byrne, successfully acquired the property. The seller in this transaction was UBS Realty Investors. The sale price of the property was $94,200,000, resulting in a per-unit price of $550,877.