@TradedChicago

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: 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: 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 ...

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: 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: 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 ...

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: 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 ...