University Of Chicago - Ingalls Medical Building Sold In Chicago's Beverly Neighborhood For $3.05M

The University of Chicago - Ingalls Medical Building, a portfolio of three medical office buildings located in Chicago, IL, has been sold. The property, situated at 11250 S Western in the Beverly market, is a mixed-use asset with a total square footage of 14,967. The sale took place on 08/13/2021.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $3,050,000
• Address: 11250 S Western, Chicago, IL
• Market: Chicago - Beverly
• Buyer's Representative: James Daughrity
• Seller's Representative: Scott Niedergang

James Daughrity represented the buyer in this transaction, while Scott Niedergang acted as the seller's representative. The property was initially listed for $3,770,000, but it was ultimately sold for the sale price of $3,050,000, resulting in a price per square foot of $204. It should be noted that the University of Chicago - Ingalls Medical Building consists of three medical office buildings, two of which are single-tenant properties, while the third is a multi-tenant medical office building.