LOAN
IMAGE: Cody Harper
DATE: 02/18/2022
ADDRESS: 720 N Larrabee St. APT 703
MARKET: Skokie
ASSET TYPE: Industrial ~ SF: 30,000
LENDER: Byline Bank
LANDLORD: Church Street Properties
BROKER: Cody Harper - Mag Mile Capital
LOAN AMOUNT: $1,150,000
LOAN TYPE: Refinance
LOAN TERMS: 3.95% fixed interest rate, 10-year term, 15-year amortization, 60% LTV
#Chicago #RealEstate #TradedChicago #Skokie #Industrial #BylineBank #ChurchStreetProperties #CodyHarper #MagMileCapital
May 18
LOAN
IMAGE: Cody Harper
DATE: 02/18/2022
ADDRESS: 720 N Larrabee St. APT 703
MARKET: Skokie
ASSET TYPE: Industrial ~ SF: 30,000
LENDER: Byline Bank
LANDLORD: Church Street Properties
BROKER: Cody Harper - Mag Mile Capital
LOAN AMOUNT: $1,150,000
LOAN TYPE: Refinance
LOAN TERMS: 3.95% fixed interest rate, 10-year term, 15-year amortization, 60% LTV
#Chicago #RealEstate #TradedChicago #Skokie #Industrial #BylineBank #ChurchStreetProperties #CodyHarper #MagMileCapital
SALE
IMAGE: Marc Rowan
DATE: 05/17/2022
ADDRESS: 1, 2, 3 & 4 Corporate Drive
MARKET: Lake Zurich, IL
ASSET TYPE: Office
BUYER: Northeast Capital Group
SELLER: Apollo Global Management - Marc Rowan
SALE PRICE: $190,000,000
SF: 1,091,214 ~ PPSF: $174
#Chicago #RealEstate #TradedChicago #KemperLakeBusinessCenter #LakeZurich #Office #NortheastCapitalGroup #ApolloGlobalManagement #MarcRowan
May 18
SALE
IMAGE: Marc Rowan
DATE: 05/17/2022
ADDRESS: 1, 2, 3 & 4 Corporate Drive
MARKET: Lake Zurich, IL
ASSET TYPE: Office
BUYER: Northeast Capital Group
SELLER: Apollo Global Management - Marc Rowan
SALE PRICE: $190,000,000
SF: 1,091,214 ~ PPSF: $174
#Chicago #RealEstate #TradedChicago #KemperLakeBusinessCenter #LakeZurich #Office #NortheastCapitalGroup #ApolloGlobalManagement #MarcRowan
SALE
IMAGE: Joe Girardi, Derrick McGavnic & Emily Gadomski
DATE: 05/17/2022
ADDRESS: 2731 N. Elston Ave
MARKET: Chicago
ASSET TYPE: Retail
BUYER: Newport Capital Partners - Derrick McGavnic
SELLER: Novak Construction Company (@NovakConstruction)
BROKERS: Joe Girardi & Emily Gadomski - Mid-America Real Estate Corp (@MidAmerica_RE)
SALE PRICE: $29,000,000
SF: 56,000 ~ PPSF: $518
#Chicago #RealEstate #TradedChicago #ElstonLoganPlaza #Retail #NewportCapitalPartners #DerrickMcGavnic #NovakConstructionCompany #JoeGirardi #EmilyGadomski #MidAmericaRealEstateCorp
May 18
SALE
IMAGE: Joe Girardi, Derrick McGavnic & Emily Gadomski
DATE: 05/17/2022
ADDRESS: 2731 N. Elston Ave
MARKET: Chicago
ASSET TYPE: Retail
BUYER: Newport Capital Partners - Derrick McGavnic
SELLER: Novak Construction Company (@NovakConstruction)
BROKERS: Joe Girardi & Emily Gadomski - Mid-America Real Estate Corp (@MidAmerica_RE)
SALE PRICE: $29,000,000
SF: 56,000 ~ PPSF: $518
#Chicago #RealEstate #TradedChicago #ElstonLoganPlaza #Retail #NewportCapitalPartners #DerrickMcGavnic #NovakConstructionCompany #JoeGirardi #EmilyGadomski #MidAmericaRealEstateCorp
SALE
IMAGE: Anna Huls
DATE: 05/16/2022
ADDRESS: 2426 N Kimball Ave
MARKET: Chicago
ASSET TYPE: Multifamily
BUYER'S REP: Anne Coleman - Livingroom Realty Inc. (@LivingRoomRealtyChicago)
SELLER'S REP: Anna Huls - @properties
SALE PRICE: $1,015,000
LOT SF: 4,125 ~ PPLSF: $246
#Chicago #RealEstate #TradedChicago #Multifamily #AnneColeman #LivingroomRealtyInc #AnnaHuls #Atproperties
May 17
SALE
IMAGE: Anna Huls
DATE: 05/16/2022
ADDRESS: 2426 N Kimball Ave
MARKET: Chicago
ASSET TYPE: Multifamily
BUYER'S REP: Anne Coleman - Livingroom Realty Inc. (@LivingRoomRealtyChicago)
SELLER'S REP: Anna Huls - @properties
SALE PRICE: $1,015,000
LOT SF: 4,125 ~ PPLSF: $246
#Chicago #RealEstate #TradedChicago #Multifamily #AnneColeman #LivingroomRealtyInc #AnnaHuls #Atproperties
SALE
IMAGE: Victoria Waliczek
DATE: 05/16/2022
ADDRESS: 1814 N Marshfield Ave
MARKET: Bucktown, Chicago
ASSET TYPE: SFR
BUYER'S REP: Theodore Argiris - @properties Christine’s international Real Estate (@AtProperties)
SELLER'S REP: Victoria Waliczek (@Victoria_Waliczek_Real_Estate) - The Waliczek Group - Coldwell Banker (@TheWaliczekGroup)
SALE PRICE: $1,440,000
SF: 2,375 ~ PPSF: $606
#Chicago #RealEstate #TradedChicago #Bucktown #SFR #TheodoreArgiris #Atproperties #ChristinesinternationalRealEstate #VictoriaWaliczek #Coldwel Banker
May 17
SALE
IMAGE: Victoria Waliczek
DATE: 05/16/2022
ADDRESS: 1814 N Marshfield Ave
MARKET: Bucktown, Chicago
ASSET TYPE: SFR
BUYER'S REP: Theodore Argiris - @properties Christine’s international Real Estate (@AtProperties)
SELLER'S REP: Victoria Waliczek (@Victoria_Waliczek_Real_Estate) - The Waliczek Group - Coldwell Banker (@TheWaliczekGroup)
SALE PRICE: $1,440,000
SF: 2,375 ~ PPSF: $606
#Chicago #RealEstate #TradedChicago #Bucktown #SFR #TheodoreArgiris #Atproperties #ChristinesinternationalRealEstate #VictoriaWaliczek #Coldwel Banker
SALE
IMAGE: Dan Silvestri
DATE: 05/17/2022
ADDRESS: 737 North Michigan Avenue
MARKET: Chicago
ASSET TYPE: Mixed-use
BUYER: Silvestri Investments (@Silvestri_Investments) - Dan Silvestri
SELLER: UBS Realty Investors
SALE PRICE: $94,000,000
SF: 196,000 ~ PPSF: $480
#Chicago #RealEstate #TradedChicago #Mixeduse #SilvestriInvestments #DanSilvestri #UBSRealtyInvestors
May 17
SALE
IMAGE: Dan Silvestri
DATE: 05/17/2022
ADDRESS: 737 North Michigan Avenue
MARKET: Chicago
ASSET TYPE: Mixed-use
BUYER: Silvestri Investments (@Silvestri_Investments) - Dan Silvestri
SELLER: UBS Realty Investors
SALE PRICE: $94,000,000
SF: 196,000 ~ PPSF: $480
#Chicago #RealEstate #TradedChicago #Mixeduse #SilvestriInvestments #DanSilvestri #UBSRealtyInvestors
SALE
IMAGE: Stephen Rachman & Mark M Zipperer
DATE: 05/13/2022
ADDRESS: 905 W Dakin St
MARKET: Chicago
ASSET TYPE: Multifamily
BUYER'S REP: Mark M Zipperer (@MarkZippererChire) - RE/MAX Next (@MeetRemaxNext)
SELLER'S REP: Stephen Rachman - Marcus & Millichap (@MarcusMillichap_Chicago)
SALE PRICE: $1,050,000
LOT SF: 3,049 ~ PPLSF: $344
#Chicago #RealEstate #TradedChicago #Multifamily #MarkMZipperer #REMAXNext #StephenRachman #MarcusandMillichap
May 17
SALE
IMAGE: Stephen Rachman & Mark M Zipperer
DATE: 05/13/2022
ADDRESS: 905 W Dakin St
MARKET: Chicago
ASSET TYPE: Multifamily
BUYER'S REP: Mark M Zipperer (@MarkZippererChire) - RE/MAX Next (@MeetRemaxNext)
SELLER'S REP: Stephen Rachman - Marcus & Millichap (@MarcusMillichap_Chicago)
SALE PRICE: $1,050,000
LOT SF: 3,049 ~ PPLSF: $344
#Chicago #RealEstate #TradedChicago #Multifamily #MarkMZipperer #REMAXNext #StephenRachman #MarcusandMillichap
SALE
IMAGE: Leigh Marcus
DATE: 05/11/2022
ADDRESS: 930 W Newport Ave
MARKET: Chicago
ASSET TYPE: Multifamily
BUYER'S REP: Matthew Lind - Compass (@Compass)
SELLER'S REP: Leigh Marcus (@LeighMarcusChicago) - @properties
SALE PRICE: $1,050,000
LOT SF: 3,042 ~ PPLSF: $345
#Chicago #RealEstate #TradedChicago #Multifamily #MatthewLind #Compass #LeighMarcus #Atproperties
May 17
SALE
IMAGE: Leigh Marcus
DATE: 05/11/2022
ADDRESS: 930 W Newport Ave
MARKET: Chicago
ASSET TYPE: Multifamily
BUYER'S REP: Matthew Lind - Compass (@Compass)
SELLER'S REP: Leigh Marcus (@LeighMarcusChicago) - @properties
SALE PRICE: $1,050,000
LOT SF: 3,042 ~ PPLSF: $345
#Chicago #RealEstate #TradedChicago #Multifamily #MatthewLind #Compass #LeighMarcus #Atproperties
SALE
IMAGE: John Huebner
DATE: 05/12/2022
ADDRESS: 3208 W Wabansia Ave
MARKET: Chicago
ASSET TYPE: Multifamily
BUYER'S REP: Dave Johnson - City and Field Real Estate
SELLER'S REP: John Huebner - @properties
SALE PRICE: $1,160,000
LOT SF: 4,356 ~ PPLSF: $266
#Chicago #RealEstate #TradedChicago #Multifamily #DaveJohnson #CityandFieldRealEstate #JohnHuebner #Atproperties
May 17
SALE
IMAGE: John Huebner
DATE: 05/12/2022
ADDRESS: 3208 W Wabansia Ave
MARKET: Chicago
ASSET TYPE: Multifamily
BUYER'S REP: Dave Johnson - City and Field Real Estate
SELLER'S REP: John Huebner - @properties
SALE PRICE: $1,160,000
LOT SF: 4,356 ~ PPLSF: $266
#Chicago #RealEstate #TradedChicago #Multifamily #DaveJohnson #CityandFieldRealEstate #JohnHuebner #Atproperties
SALE
IMAGE: Joe Smazal, Brad Feldman & Mark Dykstra
DATE: 05/12/2022
ADDRESS: 2252 N Cleveland Ave
MARKET: Lincoln Park
ASSET TYPE: Multifamily
BROKERS: Brad Feldman (@BSFeldman), Joe Smazal (@JSmazal) & Mark Dykstra (@Mark_Dykstra24) - Interra Realty (@InterraRealty)
SALE PRICE: $1,722,500
#Chicago #RealEstate #TradedChicago #LincolnPark #Multifamily #BradFeldman #JoeSmazal #MarkDykstra #InterraRealty
May 16
SALE
IMAGE: Joe Smazal, Brad Feldman & Mark Dykstra
DATE: 05/12/2022
ADDRESS: 2252 N Cleveland Ave
MARKET: Lincoln Park
ASSET TYPE: Multifamily
BROKERS: Brad Feldman (@BSFeldman), Joe Smazal (@JSmazal) & Mark Dykstra (@Mark_Dykstra24) - Interra Realty (@InterraRealty)
SALE PRICE: $1,722,500
#Chicago #RealEstate #TradedChicago #LincolnPark #Multifamily #BradFeldman #JoeSmazal #MarkDykstra #InterraRealty
SALE
IMAGE: Daniel Merrion & Andrea Hebner
DATE: 05/12/2022
ADDRESS: 332 W Oakdale Ave
MARKET: Lakeview
ASSET TYPE: SFR
BUYER: Sachin & Sonia Shah
SELLER: Jonathan Berger
BUYER'S REP: Andrea Hebner (@Andrea_Sells_Chicago) - @properties
SELLER'S REP: Daniel Merrion (@DanielMerrion) - Coldwell Banker Realty (@Cb_Sc)
SALE PRICE: $2,100,000
SF: 8,000 ~ PPSF: $263
#Chicago #RealEstate #TradedChicago #Lakeview #SingleFamily #SachinShah #SoniaShah #JonathanBerger #AndreaHebner #Atproperties #DanielMerrion #ColdwellBankerRealty
May 16
SALE
IMAGE: Daniel Merrion & Andrea Hebner
DATE: 05/12/2022
ADDRESS: 332 W Oakdale Ave
MARKET: Lakeview
ASSET TYPE: SFR
BUYER: Sachin & Sonia Shah
SELLER: Jonathan Berger
BUYER'S REP: Andrea Hebner (@Andrea_Sells_Chicago) - @properties
SELLER'S REP: Daniel Merrion (@DanielMerrion) - Coldwell Banker Realty (@Cb_Sc)
SALE PRICE: $2,100,000
SF: 8,000 ~ PPSF: $263
#Chicago #RealEstate #TradedChicago #Lakeview #SingleFamily #SachinShah #SoniaShah #JonathanBerger #AndreaHebner #Atproperties #DanielMerrion #ColdwellBankerRealty
SALE
IMAGE: Mark Weglarz
DATE: 05/13/2022
ADDRESS: Interstate 80/294 at Halsted Street Homewood and East Hazel Crest, Illinois
MARKET: Illinois
ASSET TYPE: Land
BUYER: Poarch Band of Creek Indians (@PoarchBandofCreekIndians)
SELLER: Mark & Jon Weglarz
SALE PRICE: $25,000,000
BSF: 64,000 ~ PPBSF: $391
#Chicago #RealEstate #TradedChicago #Illinois #Land #PoarchBandofCreekIndians #MarkWeglarz #JonWeglarz #WindCreekIllinois
May 16
SALE
IMAGE: Mark Weglarz
DATE: 05/13/2022
ADDRESS: Interstate 80/294 at Halsted Street Homewood and East Hazel Crest, Illinois
MARKET: Illinois
ASSET TYPE: Land
BUYER: Poarch Band of Creek Indians (@PoarchBandofCreekIndians)
SELLER: Mark & Jon Weglarz
SALE PRICE: $25,000,000
BSF: 64,000 ~ PPBSF: $391
#Chicago #RealEstate #TradedChicago #Illinois #Land #PoarchBandofCreekIndians #MarkWeglarz #JonWeglarz #WindCreekIllinois
LOAN
IMAGE: Ryan Bain, Zachary Graham, Michael Caprile, Bentley Smith & Judd Welliver
DATE: 05/13/2022
ADDRESS: Industrial Portfolio
MARKET: Minneapolis
ASSET TYPE: Industrial ~ SF: 1,389,949
LANDLORD: Onward Investors
BROKERS: Michael Caprile, Judd Welliver, Ryan Bain, Zachary Graham & Bentley Smith - CBRE (@Cbre)
LOAN AMOUNT: $143,000,000
LOAN TYPE: Recapitalization
#Chicago #RealEstate #TradedChicago #Minneapolis #OnwardInvestors #MichaelCaprile #JuddWelliver #RyanBain #ZacharyGraham #BentleySmith #CBRE
May 16
LOAN
IMAGE: Ryan Bain, Zachary Graham, Michael Caprile, Bentley Smith & Judd Welliver
DATE: 05/13/2022
ADDRESS: Industrial Portfolio
MARKET: Minneapolis
ASSET TYPE: Industrial ~ SF: 1,389,949
LANDLORD: Onward Investors
BROKERS: Michael Caprile, Judd Welliver, Ryan Bain, Zachary Graham & Bentley Smith - CBRE (@Cbre)
LOAN AMOUNT: $143,000,000
LOAN TYPE: Recapitalization
#Chicago #RealEstate #TradedChicago #Minneapolis #OnwardInvestors #MichaelCaprile #JuddWelliver #RyanBain #ZacharyGraham #BentleySmith #CBRE
LOAN
IMAGE: Rob Speyer
DATE: 05/16/2022
ADDRESS: 320 North Sangamon Street
MARKET: Fulton Market, Chicago
ASSET TYPE: Mixed-use ~ SF: 270,000
LENDER: Wells Fargo (@WellsFargo)
LANDLORD: Tishman Speyer - Rob Speyer
LOAN AMOUNT: $26,000,000
#Chicago #RealEstate #TradedChicago #FultonMarket #Mixeduse #WellsFargo #TishmanSpeyer #RobSpeyer
May 16
LOAN
IMAGE: Rob Speyer
DATE: 05/16/2022
ADDRESS: 320 North Sangamon Street
MARKET: Fulton Market, Chicago
ASSET TYPE: Mixed-use ~ SF: 270,000
LENDER: Wells Fargo (@WellsFargo)
LANDLORD: Tishman Speyer - Rob Speyer
LOAN AMOUNT: $26,000,000
#Chicago #RealEstate #TradedChicago #FultonMarket #Mixeduse #WellsFargo #TishmanSpeyer #RobSpeyer
LOAN
IMAGE: Jack McPhail, Morris Betesh, Israel Mermelstein & Jacob Schmuckler
DATE: 05/11/2022
ADDRESS: 1-4 Corporate Drive
MARKET: Lake Zurich, IL
ASSET TYPE: Office ~ SF: 1,063,543
LENDER: Bethpage Federal Credit Union (@LoveBethPage)
BROKERS: Morris Betesh, Jack McPhail, Israel Mermelstein (@Srulymermelstein) & Jacob Schmuckler - Meridian Capital Group (@Meridian.Capital.Group)
LOAN AMOUNT: $90,000,000
LOAN TYPE: Acquisition
#NewYork #RealEstate #tradedny #NY #LakeZurich #IL #MorrisBetesh #JackMcPhail #IsraelMermelstein #JacobSchmuckler #BethpageFederalCreditUnion #MeridianCapitalGroup
May 13
LOAN
IMAGE: Jack McPhail, Morris Betesh, Israel Mermelstein & Jacob Schmuckler
DATE: 05/11/2022
ADDRESS: 1-4 Corporate Drive
MARKET: Lake Zurich, IL
ASSET TYPE: Office ~ SF: 1,063,543
LENDER: Bethpage Federal Credit Union (@LoveBethPage)
BROKERS: Morris Betesh, Jack McPhail, Israel Mermelstein (@Srulymermelstein) & Jacob Schmuckler - Meridian Capital Group (@Meridian.Capital.Group)
LOAN AMOUNT: $90,000,000
LOAN TYPE: Acquisition
#NewYork #RealEstate #tradedny #NY #LakeZurich #IL #MorrisBetesh #JackMcPhail #IsraelMermelstein #JacobSchmuckler #BethpageFederalCreditUnion #MeridianCapitalGroup
SALE
IMAGE: Tom Boyle, David Haigh, Tak O’Haru & Jerry Starr
DATE: 05/12/2022
ADDRESS: 742 Glenn Ave
MARKET: Wheeling
ASSET TYPE: Industrial ~ ACRES: 6.55
BUYER: JV Global Services - Jerry Starr
SELLER: Tomoegawa
BUYER'S REP: Tom Boyle - Lee & Associates (@LeeandAssociates)
SELLER'S REP: David Haigh - NAI Hiffman (@NaiHiffman); Tak O’Haru - White Cube LLC
SALE PRICE: $4,500,000
SF: 119,115 ~ PPSF: $38
#Chicago #RealEstate #TradedChicago #Wheeling #Industrial #JVGlobalServices #JerryStarr #Tomoegawa #TomBoyle #LeeandAssociates #DavidHaigh #NAIHiffman #TakOHaru #WhiteCubeLLC
May 13
SALE
IMAGE: Tom Boyle, David Haigh, Tak O’Haru & Jerry Starr
DATE: 05/12/2022
ADDRESS: 742 Glenn Ave
MARKET: Wheeling
ASSET TYPE: Industrial ~ ACRES: 6.55
BUYER: JV Global Services - Jerry Starr
SELLER: Tomoegawa
BUYER'S REP: Tom Boyle - Lee & Associates (@LeeandAssociates)
SELLER'S REP: David Haigh - NAI Hiffman (@NaiHiffman); Tak O’Haru - White Cube LLC
SALE PRICE: $4,500,000
SF: 119,115 ~ PPSF: $38
#Chicago #RealEstate #TradedChicago #Wheeling #Industrial #JVGlobalServices #JerryStarr #Tomoegawa #TomBoyle #LeeandAssociates #DavidHaigh #NAIHiffman #TakOHaru #WhiteCubeLLC
SALE
IMAGE: Bryan Bomba & Steve Smith
DATE: 04/26/2022
MARKET: Oak Brook
ASSET TYPE: Single Family
SELLER: Steve Smith
BUYER'S REP: John Brennan - Compass (@Compass)
SELLER'S REP: Bryan Bomba - @properties Christie's International Real Estate
SALE PRICE: $1,260,000
SF: 4,822 ~ PPSF: $261
#Chicago #RealEstate #TradedChicago #OakBrook #SingleFamily #SteveSmith #JohnBrennan #Compass #BryanBomba #AtpropertiesChristiesInternationalRealEstate #Blackhawks
May 13
SALE
IMAGE: Bryan Bomba & Steve Smith
DATE: 04/26/2022
MARKET: Oak Brook
ASSET TYPE: Single Family
SELLER: Steve Smith
BUYER'S REP: John Brennan - Compass (@Compass)
SELLER'S REP: Bryan Bomba - @properties Christie's International Real Estate
SALE PRICE: $1,260,000
SF: 4,822 ~ PPSF: $261
#Chicago #RealEstate #TradedChicago #OakBrook #SingleFamily #SteveSmith #JohnBrennan #Compass #BryanBomba #AtpropertiesChristiesInternationalRealEstate #Blackhawks
SALE
IMAGE: Matt Feo, Sal Becovic & Rick Ofman
DATE: 05/06/2022
ADDRESS: 6144 N Winthrop Ave
MARKET: Edgewater
ASSET TYPE: Multifamily
BUYER: Becovic Residential LLC (@BecovicChicago) - Sal Becovic (@SalBecovic)
BROKERS: Rick Ofman & Matt Feo (@Matt_Feo_Multifamily) - Essex Realty (@ChicagoMultifamily_EssexRealty)
SALE PRICE: $5,097,500
UNITS: 40 ~ PPU: $127,438
NOTE FROM BROKER: Chicago-based multifamily brokerage firm Essex Realty Group, Inc. recently facilitated the sale of 6144 N. Winthrop Avenue, a 40-unit "4+1" style, elevator building located in Chicago's North Side neighborhood of Edgewater. The property is located on a beautiful tree-lined street two blocks south of Loyola University's Chicago campus, two blocks west of Lake Michigan, and less than one block from the Granville CTA Red and Purple Line Station.
The Essex team of Rick Ofman, Doug Imber, Kate Varde, Jaimie Steinher, and Dan Shepherd exclusively marketed the property for sale. Essex led an extensive marketing campaign resulting in 27 property tours and seven offers. Ofman and Essex director Matt Feo represented Becovic Residential LLC who purchased the property for $5,097,500. Becovic Management Group will be managing the property, which will be renamed The Winthrop Place. Becovic adds The Winthrop Place to their portfolio spanning Chicago’s North Side, including 11 Becovic communities in Edgewater.
...
May 13
SALE
IMAGE: Matt Feo, Sal Becovic & Rick Ofman
DATE: 05/06/2022
ADDRESS: 6144 N Winthrop Ave
MARKET: Edgewater
ASSET TYPE: Multifamily
BUYER: Becovic Residential LLC (@BecovicChicago) - Sal Becovic (@SalBecovic)
BROKERS: Rick Ofman & Matt Feo (@Matt_Feo_Multifamily) - Essex Realty (@ChicagoMultifamily_EssexRealty)
SALE PRICE: $5,097,500
UNITS: 40 ~ PPU: $127,438
NOTE FROM BROKER: Chicago-based multifamily brokerage firm Essex Realty Group, Inc. recently facilitated the sale of 6144 N. Winthrop Avenue, a 40-unit "4+1" style, elevator building located in Chicago's North Side neighborhood of Edgewater. The property is located on a beautiful tree-lined street two blocks south of Loyola University's Chicago campus, two blocks west of Lake Michigan, and less than one block from the Granville CTA Red and Purple Line Station.
The Essex team of Rick Ofman, Doug Imber, Kate Varde, Jaimie Steinher, and Dan Shepherd exclusively marketed the property for sale. Essex led an extensive marketing campaign resulting in 27 property tours and seven offers. Ofman and Essex director Matt Feo represented Becovic Residential LLC who purchased the property for $5,097,500. Becovic Management Group will be managing the property, which will be renamed The Winthrop Place. Becovic adds The Winthrop Place to their portfolio spanning Chicago’s North Side, including 11 Becovic communities in Edgewater.
“The market for value-add multifamily is as strong as I’ve seen it, so it’s not a surprise that the most blighted property in Edgewater garnered so much interest from investors,” Ofman said. “Becovic Management is the right company for the project as they have the capital and experience needed to turn around this building.”
"We're excited to continue to invest in the Edgewater neighborhood. It has everything to offer for our residents, shopping, nightlife and the beach,” Sal Becovic, Becovic President.
#Chicago #RealEstate #TradedChicago #Edgewater #Multifamily #BecovicResidentialLLC #SalBecovic #RickOfman #MattFeo #EssexRealty #ChicagoMultifamilyEssexRealty
SALE
IMAGE: Cirenio Jimenez & Robert Sikkel
DATE: 04/13/2022
ADDRESS: 1362 N Wolcott Ave
MARKET: Chicago
ASSET TYPE: Multifamily
BUYER'S REP: Robert Sikkel - @properties Christie's International Real Estate
SELLER'S REP: Cirenio Jimenez (@CjJimenezTeam) - RE/MAX Loyalty (@REMAXLoyalty)
SALE PRICE: $1,275,000
#Chicago #RealEstate #TradedChicago #Multifamily #RobertSikkel #Atproperties #ChristiesInternationalRealEstate #CirenioJimenez #REMAXLoyalty
May 12
SALE
IMAGE: Cirenio Jimenez & Robert Sikkel
DATE: 04/13/2022
ADDRESS: 1362 N Wolcott Ave
MARKET: Chicago
ASSET TYPE: Multifamily
BUYER'S REP: Robert Sikkel - @properties Christie's International Real Estate
SELLER'S REP: Cirenio Jimenez (@CjJimenezTeam) - RE/MAX Loyalty (@REMAXLoyalty)
SALE PRICE: $1,275,000
#Chicago #RealEstate #TradedChicago #Multifamily #RobertSikkel #Atproperties #ChristiesInternationalRealEstate #CirenioJimenez #REMAXLoyalty
SALE
IMAGE: Kerri Forest
DATE: 04/25/2022
ADDRESS: 2S303 Deerpath Rd
MARKET: Batavia, IL
ASSET TYPE: Land ~ ACRES: 19.6
BROKER: Kerri Forest - Keller Williams Realty Infinity (@KellerWilliamsRealty)
SALE PRICE: $1,200,000
#Chicago #RealEstate #TradedChicago #Batavia #Land #KerriForest #KellerWilliamsRealtyInfinity
May 12
SALE
IMAGE: Kerri Forest
DATE: 04/25/2022
ADDRESS: 2S303 Deerpath Rd
MARKET: Batavia, IL
ASSET TYPE: Land ~ ACRES: 19.6
BROKER: Kerri Forest - Keller Williams Realty Infinity (@KellerWilliamsRealty)
SALE PRICE: $1,200,000
#Chicago #RealEstate #TradedChicago #Batavia #Land #KerriForest #KellerWilliamsRealtyInfinity