Greenstone Partners is pleased to announce three recently closed Chicago multifamily transactions totaling $3.31 million across West Town, Humboldt Park, and Belmont Cragin. The following provides individual transaction details:
1446 N. Campbell Avenue — Closed for $1,225,000 (Humboldt Park)
Greenstone Partners is pleased to announce the successful sale of 1446 N. Campbell Avenue for $1,225,000, a modern mid-1990s construction multifamily asset offering below-market rents and clear cosmetic value-add upside.
Originally acquired by a local investor in the early 2000s, the property was meticulously maintained for more than 22 years. The building features oversized layouts, including three (3) 3 Bed / 2 Bath units and one (1) 2 Bed / 1 Bath in-law garden unit. Interior features include separately metered utilities, standard rental finishes, dishwashers, building laundry, and parking.
The buyer was attracted to the opportunity for its value-add potential, with a game plan focused on modernizing the units and legalizing an additional ADU, providing immediate and meaningful value creation.
Greenstone Partners’ Jacob Goldstein, Jordan Multack, and Alexander Tychalski led the exclusive marketing process, representing the seller. The team generated multiple above list offers during the first day of showings and successfully moved the deal from contract to close in just 21 days.
1520 W. Superior Street — Closed for $1,260,000 (West Town)
Greenstone Partners is pleased to announce the successful sale of 1520 W. Superior Street for $1,260,000, a well-maintained, light value-add investment opportunity located in the highly desirable West Town neighborhood. The property sold for $420K per unit, closed above asking price, and went under contract within seven days of launch, reflecting exceptionally strong investor demand. In addition, the building offers notable ADU conversion potential, further enhancing long-term upside.
Originally acquired in the early 2000s by a long-term local owner, the property has been meticulously cared for over the years. The buyer was drawn to the rare opportunity to enhance value through straightforward cosmetic upgrades that would elevate rents to full market potential.
The building features three (3) spacious 3 Bed / 2 Bath units and one (1) 2 Bed / 1 Bath non-conforming garden unit. Interior features include hardwood flooring throughout, separately metered utilities, standard rental finishes, and dishwashers.
Greenstone Partners’ Jacob Goldstein, Jordan Multack, and Alexander Tychalski led the exclusive marketing effort, representing both sides of the transaction. The team delivered quick results, placing the property under contract within one week with a local private investor.
2057-59 N. LeClaire Avenue — Closed for $825,000 (Belmont Cragin)
Greenstone Partners is pleased to announce the successful sale of 2057–59 N. LeClaire Avenue, a value-add investment opportunity located in Chicago’s Belmont Cragin neighborhood, for $825,000.
The property had been owned by the same passive investor for more than 21 years, featuring long-term tenancy and rents significantly below market. The buyer was attracted to the rare opportunity to acquire a vintage building with plans to reposition the units to market rent levels and execute targeted renovations to enhance the gross income.
The unit mix includes two (2) 2 Bed / 1 Bath garden apartments and four (4) spacious 3 Bed / 1 Bath units. Additional revenue-generating features include building-owned coin laundry, three (3) exterior parking spaces, and a detached two-car garage.
Greenstone Partners’ Jacob Goldstein, Jordan Multack, and Alexander Tychalski led the exclusive marketing effort, representing both sides of the transaction. The team achieved exceptional results, securing a contract within one week with a local private investor.
Greenstone Partners specializes in many types of middle-market commercial real estate transactions throughout Chicagoland. Greenstone’s team secures the most qualified offers and favorable terms for its clients, leveraging a proprietary marketing process, white-glove client service, and unparalleled market expertise.