Multifamily Property At 347-365 Lincoln Place Sold For $4.8M In Prospect Heights

The property asset involved in this transaction is a multifamily building located at 347-365 Lincoln Place in the Prospect Heights market. The sale price was $4,800,000, which reflects a per unit price of $88,889. The property consists of 54 units and encompasses a total square footage of 48,472, resulting in a price per square foot of $99.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,800,000
• Units: 54
• Price Per Unit: $88,889
• Square Footage: 48,472
• Price Per Square Foot: $99
• Date of Transaction: 9/19/2025
• Brokers: Victor Sozio, Remi Mandell & Jake Brody - Ariel Property Advisors; Zachary Fuchs & Michael Weiser - GFI Realty Services

This transaction was facilitated by multiple brokers including Victor Sozio, Remi Mandell, and Jake Brody from Ariel Property Advisors, as well as Zachary Fuchs and Michael Weiser from GFI Realty Services, highlighting the collaborative effort in executing this deal.