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Chicago & Midwest  + Downtown  + Apartments  | 
A six-unit multifamily investment property in the West Town neighborhood of Chicago has sold for just under $300,000 per unit

Greenstone Partners Finalizes Sale of Turnkey West Town Multifamily

Greenstone Partners arranged the sale of 1462 West Erie, a six-unit, turnkey multifamily investment in the West Town neighborhood on Chicago’s West Side. The fully leased property traded for $1,785,000, or just under $300,000 per unit. 
Lead advisor Jordan Multack of Greenstone exclusively represented the seller, a Chicago-based private investor. He also procured the buyer, a Chicago-based private buyer.   

West Town is known for its eclectic mix of retailers, restaurants, taprooms and unique museums. The property is well-positioned, half a mile southwest of the Chicago CTA Blue Line station and located just 0.6 miles west of the Kennedy Expressway, according to Greenstone.


Inside The Story

Greenstone Partners

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 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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