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Chicago & Midwest  + South Side  + Apartments  | 

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.” 

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About Paul Bubny

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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