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Greenstone Partners Brokers Lincoln Square MXU Sale For $7M
Greenstone Partners has completed the sale of 2247-49 West Lawrence Ave. in Chicagos’ Lincoln Square neighborhood for $7.1 million. The mixed-use property features 24 apartment units and 1,950 square feet of ground-floor live work space.
Greenstone Partners’ Director Jordan Multack represented the buyer, Breneman Capital, and the seller in the transaction. “This deal was a strong investment opportunity that saw solid interest from both local and out-of-state buyers,” said Multack. “With Lincoln Square’s strong demographics, proximity to public transportation, and vibrant neighborhood, all of the fundamentals are there to make this a compelling investment.”
The property comprises 22 market-rate apartments, one office space, and two affordable apartments. The mix of the apartments features brand-new quartz countertops, white cabinets, stainless steel appliances, separate HVAC, dishwashers, on-site parking, and laundry in-units.
