401 West Ontario Street is a 48,000-square-foot property located in the Chicago market. The asset was sold for $5,431,375, translating to a price per square foot of $113. It represents an office-to-multifamily conversion opportunity, strategically situated near the Kennedy Expressway, Merchandise Mart, CTA Brown and Purple Line stations, and East Bank Club.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $5,431,375
• Address: 401 West Ontario Street
• Market: Chicago
• Size: 48,000 SF
• Price per SF: $113
• Seller: Sean Conlon
• Buyer's Representative: Jordan Multack - Greenstone Partners
• Seller's Representatives: Andrew Rubin & Matthew Tarshis - Frontline Real Estate Partners

The transaction was facilitated by Senior Director Jordan Multack, who represented a private, Chicago-based development group as the buyer. The seller, represented by Principal Matt Tarshis and Executive Vice President Andrew Rubin, was a private lender. This sale highlights the quality of the property as a well-located, value-add opportunity in one of Chicago's desirable neighborhoods, emphasizing its unique floor plates and conversion potential.