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.