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Chicago & Midwest  + North Side  + Apartments  |  August 14, 2024
Jasmine Kilman
By: Jasmine Kilman

Logan Square MF Trades in 1031 Exchange

A 13,000-square-foot, turnkey multifamily property in Chicago’s Logan Square neighborhood has sold for $3.17 million or just over $450,000 per unit.  

Greenstone Partners arranged the sale of 2647 North Washtenaw, a fully leased seven-unit investment property. The firm’s Jordan Multack procured both the seller the seller and the buyer in the transaction. The ultimate purchaser utilized 1031 exchange proceeds to close the transaction.
 
The property is located only one block from Logan Boulevard and nine blocks east of the Logan Square CTA Blue Line Station. The property is positioned on 6,300 square feet of land and is turnkey multifamily property, a rarely found property in the Logan Square neighborhood.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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