First Western Brokers Deal for Douglas Park Multifamily
First Western Properties has arranged the sale of Douglas Park Flats, a 32-unit multifamily property in the West Side’s Douglas Park neighborhood. Terms were not disclosed.
Located directly across from Douglas Park at 3001 W. 19th, Douglas Park Flats is the largest in the immediate area, First Western says.
The property is walking distance from the CTA Pink Line, the new El Paseo Bike Trail, Lagunitas Brewery, Cinespace Film Studios and the Medical District. It offers strong cash flow, appreciation potential and accessibility to Chicago’s strong residential tenant base.
“The Pilsen/Little Village area, and more specifically Douglas Park, is one of the most up and coming areas in Chicago,” said Paul Tsakiris, president of First Western. “I look forward to seeing this amazing area develop and thrive, as more and more people discover its many wonderful attributes.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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