Bob Flannery Of Banner Real Estate Group Acquires Multifamily Asset For $78 Million

The transaction involved the sale of multifamily properties located at 464 Glenwood Avenue & 1941 North Orleans Street in Glen Ellyn & McHenry, IL. The properties include 302 units with a sale price of $78,000,000, resulting in a price per unit of $258,278.

This deal highlights the roles of key individuals in the transaction. Bob Flannery acted as the representative for Banner Real Estate Group, while Tim Healy and Danny Wirtz represented their respective companies, Holladay Properties and Wirtz Corporation. The transaction illustrates the increasing momentum in Chicago's suburban multifamily market.