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Chicago & Midwest  + South Side  + Apartments  | 

Obama Center Buzz Fuels South Side MF Sales

Marcus & Millichap has brokered sales of six multifamily properties totaling more than $7.6 million near the planned site of the Obama Presidential Center. Five of the properties, including 7040 S. Cregier Ave. (pictured), are in neighborhoods surrounding the future library site, while the sixth is in the nearby suburb of Dolton, IL.

The firm’s Anthony Hardy and Tom Heitzman marketed the properties on behalf of the sellers. Hardy and Heitzman also represented the buyers, with Ryan Engle joining them to represent the seller of the Dolton property.

“These transactions underscore growing interest in South Side neighborhoods and suburbs that offer a value proposition to renters and investors alike,” said Hardy, who noted all six properties sold within three weeks. “Sale activity has been fueled by buzz around planned projects like the Obama Presidential Center and Tiger Woods-designed golf course – both of which would be located in nearby Jackson Park.”


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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 16-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 7-10 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).

  • ◦Sale/Acquisition
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