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Chicago & Midwest  + West Side  + Apartments  | 

Pilsen Multifamily Trades After 40-Year Hold

First Western Properties arranged the sale of a 13-unit multifamily property at 1328 W. 18th Pl. in the West Side’s Pilsen neighborhood. Details of the transaction were not disclosed.

The undisclosed seller had owned the 150-year-old property for 40 years, according to FWP’s Paul Tsakiris. The buyer has other holdings in Pilsen and is seeking more, Tsakiris said.

Similarly, FWP is actively looking for more properties in Chicago’s urban core markets for its local, international and family office buyers, Tsakiris posted on LinkedIn.

Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with G. Joseph Cosenza, Vice Chairman of The Inland Real Estate Group, LLC and President of Inland Real Estate Acquisitions, LLC at Connect Midwest: Multifamily, Affordable, Student & Senior Housing Trends on June 4, 2024, at the W-Chicago, City Center Hotel, Chicago, IL. Register Today to network with your peers!

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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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