June 6, 2022

North Side multifamily buildings see demand from investors amid uptick in rents

“Despite the increased interest rate market, North Side multifamily investments remain in high demand to investors,” said Hague.

Hague recently represented two separate multifamily sellers and one condominium owner, as well as procured each buyer, for three property sales in Wicker Park for a total of $7.5 million.

The three deals were for a 5,000-square-foot condo unit located at 1725 W. Division St. for $2.2 million; an 8,100-square-foot seven-unit multifamily building with ground-floor commercial space at 1670 W. Division St. for $3.2 million; and a 6,200-square-foot, six-unit multifamily building with ground-floor commercial space at 1920 W. Division St. for $2.3 million.