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CEDARst Acquires Logan Square Multifamily for $35M
CEDARst Companies has completed the $34.6 million acquisition of The Weyland, a seven-story, 132-unit multifamily community at 1980 N. Milwaukee Avenue, positioned between Chicago’s Bucktown and Logan Square neighborhoods.
Delivered in 2018, the property features 6,245 square feet of ground-floor retail and a mix of Class A amenities, including a fitness center, dog run, and a rooftop deck with views of Lake Michigan and the Chicago skyline. The building was 95% occupied at the time of sale.
“Chicago continues to be a priority market for CEDARst,” said Will Murphy, CEO & Managing Partner at CEDARst Companies. “The fundamentals are strong today and, with limited new construction in the pipeline, we expect them to remain compelling for years to come. That supply-demand imbalance will continue to support elevated yields.”
The Weyland marks CEDARst’s second Chicago acquisition of 2025, following July’s purchase of The Millie on Michigan. The company now owns and operates more than 5,000 units in Chicago.
