Bradford Allen Investment Advisors (BAIA) closed on the purchase of The Henry, a mixed-use property at 4346 N. Honore Street in Chicago’s Ravenswood neighborhood. The five-story elevator building, completed in 2019 and located just near the Montrose Brown Line CTA stop, includes 38 one- and two-bedroom luxury rental apartments and a ground-level Culver’s restaurant.

BAIA’s John Butler, executive managing director, acquisitions, and Danielle Morse, senior managing director, multifamily, negotiated on behalf of new ownership. The seller was represented by Tyler Hague and Lauren Stoliar of Colliers. At the time of purchase, the building was 97% occupied.

“The Henry’s Ravenswood location offers a neighborhood vibe and checks many of the boxes today’s renters desire, including modern amenities and easy access to bars, restaurants, shops, and entertainment all located within a mile of the building,” said Morse. “We are excited to add this high-quality, newer construction, urban, transit-oriented property to our expanding Chicago-area multifamily portfolio.”