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HP Ventures Acquires 32-Unit Multifamily Property On 2050 N. Clark St, Lincoln Park For $20.5M

2050 North Clark Street
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This MultiFamily property located in IL was sold for $20,500,000 over 1 year ago. The broker of the deal was Bill Cassin

The recently closed property transaction in Lincoln Park involved a multifamily asset located at 2050 N. Clark St. The property features 32 units, with a per unit price of $640,625. The sale was facilitated by Bill Cassin from Apartment Investment Advisers, representing the buyer HP Ventures and the seller Novak Development. The transaction was completed on August 18, 2022, with a sale price of $20,500,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $20,500,000
  • Units: 32
  • Price Per Unit: $640,625
  • Address: 2050 N. Clark St
  • Market: Lincoln Park

Bill Cassin from Apartment Investment Advisers played a crucial role as the broker in this deal, representing both the buyer, HP Ventures, and the seller, Novak Development. Their expertise and negotiation skills contributed to the successful completion of the transaction.

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Deals
  • Location
    2050 North Clark Street, Chicago, Illinois 60614, United States2050 North Clark Street, Chicago, Illinois 60614, United States
  • Sale Price
    $20,500,000$20,500,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker1 Broker

Agent

Bill Cassin

Bill Cassin

Deals4
Sold$31.9M

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Deal Summary

SALE IMAGE: Bill Cassin DATE: 08/18/2022 ADDRESS: 2050 N. Clark St MARKET: Lincoln Park ASSET TYPE: Multifamily BUYER: HP Ventures SELLER: Novak Development BROKER: Bill Cassin - Apartment Investment Advisers SALE PRICE: $20,500,000 UNITS: 32 ~ PPU: $640,625

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2050 North Clark Street

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