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Lakepointe Properties Acquires Multifamily Asset In Uptown, Chicago For $3.05M

Property Image
SOLD
$3,050,000
Jake Parker
Andrew (Andy) Friedman

Illinois

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MultiFamily30,000 SF
Sold 08/30/2021
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Property Image
SOLD

Lakepointe Properties Acquires Multifamily Asset In Uptown, Chicago For $3.05M

850 West Margate Terrace, Chicago, IL 60640, USA

See Similar Deals
MultiFamily30,000 SF
Sold 08/30/2021
Jake Parker
Andrew (Andy) Friedman
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$101
Total Square Footage:30,000 SF
Transaction Type:Sale

Located in Uptown, Chicago, the multifamily property at 850 W. Margate Terrace has been sold for a total of $3,050,000. The transaction took place on August 30, 2021. This property comprises 29 units, resulting in a per unit price of $105,172.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,050,000
  • Address: 850 W. Margate Terrace
  • Market: Uptown, Chicago
  • Units: 29
  • Price Per Unit: $105,172

Lakepointe Properties has acquired the property, while Andy Friedman and Jake Parker from Kiser Group served as the brokers in this transaction.

Players

Andrew (Andy) Friedman
Kiser Group
Andrew Friedman
20 deals$131.5M volume
BROKER
Jake Parker
Kiser Group
Jake Parker
18 deals$116.9M volume
BROKER

Details

SOLD
IMAGE: Andy Friedman & Jake Parker DATE: 08/30/2021 ADDRESS: 850 W. Margate Terrace MARKET: Uptown, Chicago ASSET TYPE: Multifamily BUYER: Lakepointe Properties BROKERS: Andy Friedman (@Andy__Friedman) & Jake Parker (@Jak3Park3r) - Kiser Group (@KiserGroup) SALE PRICE: $3,050,000 UNITS: 29 ~ PPU: $105,172

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