Greenstone Partners Sells 11-Unit Chicago Multifamily Investment For $3.76M

An 11-unit turnkey multifamily investment located at 835 North Wolcott Avenue in Chicago’s West Town neighborhood has been successfully sold. The fully occupied property was sold for $3,760,000. It is situated across the street from Commercial Club Park and is just one-half block away from bustling Chicago Avenue. The property spans 12,350 square feet and sits on 6,500 square feet of land. This rare turnkey opportunity offers a prime location in one of Chicago’s most beloved neighborhoods.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $3,760,000
• Asking Price: $3,950,000
• Units: 11
• Price Per Unit: $341,818
• Square Footage: 12,350
• Price Per Square Foot: $304
• Market: Chicago

The sellers were represented by Jordan Multack of Greenstone Partners, a Chicago-based private investment firm. On the buyer's side, private investors from California were represented by Clayton Maxfield of Quantum Real Estate Advisors.