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Chicago & Midwest  + Greater Chicagoland  + Industrial  |  May 22, 2026
Jasmine Kilman
By: Jasmine Kilman

Cushman & Wakefield, JLL Represent Self Storage 1 in Sale of Chicago Self-Storage Portfolio

Cushman & Wakefield and JLL have represented Self Storage 1 in the sale of a two-property self-storage portfolio in Chicago to Etude Storage Capital.

Cushman & Wakefield’s Greg Wells, Mike Mele, Luke Elliott and Ross Bailey partnered with JLL’s Steve Mellon, Brian Somoza, Dan Reynolds and Tom Kirschbraun to represent the seller in the transaction. The Chicago portfolio consists of two self-storage facilities totaling approximately 150,216 square feet and 2,043 units.

“This transaction, involving some of the highest-quality self-storage properties in the Chicago market, highlights the continued investor appetite for well-located, institutional self-storage in major gateway cities,” said Wells.

Located at 2001 N. Elston Avenue, the Lincoln Park asset encompasses approximately 86,618 net rentable square feet across 1,080 units. The second property, located at 3839 Sheffield Avenue, totals approximately 63,598 net rentable square feet and 963 units.

“Chicago’s core neighborhoods continue to demonstrate durable demand supported by high incomes, renter density, and limited new supply. With strong in-place cash flow, modern construction and exceptional long-term demand drivers, the portfolio attracted significant institutional interest,” said Mellon.

Read More News Stories About: Cushman & Wakefield, JLL
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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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