Greenstone Partners Sells 11-Unit Chicago Multifamily Investment For $3.76M | 835 North Wolcott Avenue | Clay Maxfield, Jordan Multack | MultiFamily | Sale

Summary

Sale

ILLINOIS

MultiFamily

12,350 sqft

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.

Players

All
4

Agents
2
Agencies
2

$27.5M Sold

$73.3M Sold

Quantum Real Estate Advisors

Details

Deal Summary

SOLD

IMAGE: Jordan Multack & Clay Maxfield DATE: 09/20/2023 ADDRESS: 835 North Wolcott Avenue MARKET: Chicago ASSET TYPE: MultiFamily SELLER'S REP: Jordan Multack (@Tackness) - Greenstone Partners (@greenstonepartners) BUYER'S REP: Clay Maxfield (@Maxco47) - Quantum Real Estate Advisors (@qreadvisors_inc) ASKING PRICE: $3,950,000 SALE PRICE: $3,760,000 UNITS: 11 ~ PPU: $341,818 SF: 12,350 ~ PPSF: $304 NOTE FROM SELLER'S REP: Greenstone Partners successfully sold 835-37 North Wolcott, an 11-unit turnkey multifamily investment in Chicago’s West Town neighborhood—the fully occupied property sold for $3,760,000. The property is located across the street from Commercial Club Park and one-half block from bustling Chicago Avenue. The property is positioned on 6,500 square feet of land and is a rare turnkey opportunity in one of Chicago’s most beloved neighborhoods. Jordan Multack of Greenstone Partners represented the sellers in the transaction, a Chicago-based private investment firm. Clayton Maxfield of Quantum Real Estate Advisors represented the buyers, private investors from California.

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Address835 North Wolcott Avenue

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