A fully leased, seven-unit multifamily property in Chicago’s Logan Square neighborhood has been sold for $3.17 million, equating to approximately $450,000 per unit. The sale was facilitated by Greenstone Partners’ Jordan Multack who represented both the seller and buyer in the transaction. The purchaser utilized 1031 exchange funds to complete the purchase of 2647 North Washtenaw.
Conveniently located just one block from Logan Boulevard and nine blocks east of the Logan Square CTA Blue Line Station, this turnkey property sits on a spacious 6,300-square-foot lot. It is a rare find in this highly sought-after neighborhood known for its vibrant culture and amenities. This successful trade highlights the strong demand for multifamily properties in Chicago’s thriving real estate market.
