Drew Millard Of Concord Capital Acquires 182-Unit Multifamily Portfolio In Chicago For $61.5M

The multifamily portfolio located at 3402, 3407, 3414, 3419, 3426, 3433, 3434, 3442 & 3451 North Elaine Place in Chicago, IL consists of nine buildings with a total of 182 units. The transaction was completed for $61.5 million, resulting in a per-unit price of $337,912. The buyer, Concord Capital, aims to hold the properties long term while making selective unit upgrades.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $61,500,000
• Buyer: Drew Millard - Concord Capital
• Seller: Craig Koenigsberg - CLK Properties
• Broker: Sean Connelly - 33 Realty
• Units: 182
• Price Per Unit: $337,912
• Total Capitalization: $78 million
• Development Rights: Up to 306 units

The transaction reflects the engagement between Drew Millard representing Concord Capital and Craig Koenigsberg representing CLK Properties, facilitated by broker Sean Connelly of 33 Realty. The deal closed on August 12, 2026, marking a significant acquisition in the Lakeview neighborhood of Chicago.