William R. Lindsay Of Pacific Coast Capital Partners Buys Multifamily Asset From Steve Fifield For $110M

The transaction involved the sale of a multifamily asset located at 347 West Chestnut Street in Chicago, Illinois. The property, known as the Next Apartments, comprises 310 residential units and includes 5,700 square feet of ground-floor retail. The sale was finalized for a total of $110 million, equating to approximately $354,839 per unit.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $110,000,000
• Units: 310
• Price Per Unit: $354,839
• Address: 347 West Chestnut Street
• Market: Chicago, IL
• Buyer: William R. Lindsay - Pacific Coast Capital Partners
• Seller: Steve Fifield - Fifield Companies

This sale marks a significant transaction in Chicago’s multifamily market, reflecting the current conditions characterized by a tight apartment supply and rising Class A rents, which have attracted out-of-state investors. Steve Fifield, representing Fifield Companies, successfully facilitated the sale to William R. Lindsay of Pacific Coast Capital Partners.