Daniel Haughney Of Branch Capital Partners Acquires Multifamily Asset From Brian Goldberg For $41.5M

A multifamily asset located at 1744 North Western Avenue in Chicago, IL, has been sold. The transaction involved a total sale price of $41,500,000 for 109 units, resulting in a price per unit of $380,734. This asset is part of a 95-unit apartment complex situated along Chicago's 606 trail.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $41,500,000
• Buyer: Daniel Haughney - Branch Capital Partners
• Seller: Brian Goldberg - LG Development Group
• Units: 109
• Price Per Unit: $380,734

This transaction is notable as it marks one of the first significant multifamily deals influenced by the Northwest Side Preservation Ordinance, a regulation established to address displacement concerns. The sale will serve as an early indicator of how these anti-gentrification measures impact investment activity and property valuations in the designated protected area.