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First Western Steers Family Office to Bridgeport Multifamily
First Western Properties arranged the sale of 3404 S. Morgan, a seven-unit multifamily property in the Bridgeport neighborhood on Chicago’s South Side. The sales price was not disclosed. However, First Western described the transaction as “a well below-market deal.”
The firm’s Paul Tsakiris and Jacob Elgazar represented the buyer, a family office. Tsakiris emphasized that despite higher interest rates, there continues to be activity in the market.
“Slowdown? What slowdown?” he asked rhetorically. “While interest rates have severely slowed things down, there are still plenty of opportunities out there.”


