2200 Market Acquires West Side Portfolio Multifamily In Chicago For $7.2M

The West Side Portfolio located in Chicago's West Side has been sold in a recent transaction. The multifamily property consists of several buildings, including the addresses 950-56 N. Lavergne Ave, 3542-48 W. Polk St, 4400-10 W. West End Ave, 5000-02 W. Quincy St, 5030-34 W. North Ave, and 5800 W. Washington Blvd. The total square footage of the portfolio is approximately 110,000 square feet, and it is comprised of 96 units. The sale price for this transaction was $7,226,000, resulting in an average price per unit of $75,271 and a price per square foot of $66.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $7,226,000
• Units: 96
• Price per Unit: $75,271
• Square Footage: 110,000
• Price per Square Foot: $66
• Market: Chicago's West Side

The buyer in this transaction is 2200 Market, while the seller is Ocean World. The brokers involved in this deal are Ted Stratman, Jeremy Morton, and Lucas Fryman, representing Interra Realty.