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Chicago & Midwest  + South Side  + Apartments  |  January 16, 2025
Jasmine Kilman
By: Jasmine Kilman

Berkadia Brokers Sale of 423-Unit MF Property in Chicago

Berkadia has completed the sale of Midpointe Apartments, a 423-unit garden-style multifamily property in Chicago, Illinois.

Managing Director Ralph DePasquale of Berkadia Chicago led the transaction on behalf of an institutional investor. Midpointe Apartments sold to an affiliate of California-based Turner Impact Capital. The sale price was not disclosed. “Having been involved in the previous sale, we were able to see the continued improvements made by the seller,” said DePasquale.

Located at 4050 W 115th Street, Midpointe Apartments offers a Chicago address with a more suburban feel. Built in 1973, it has been upgraded over the last ten-plus years. The property features amenities including an outdoor pool, fitness center, dog park, fire pit, and outdoor gas grilling areas.

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      About Jasmine Kilman

      Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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