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

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.