Greenstone Partners recently closed the sale of a mixed-use property in Chicago’s Lincoln Square neighborhood for $7.1 million. The property, located at 2247-49 West Lawrence Ave., features 24 apartment units and 1,950 square feet of ground-floor live work space.
Jordan Multack, Director at Greenstone Partners, represented both the buyer Breneman Capital and the seller in this transaction. According to Multack, there was strong interest from local and out-of-state buyers due to Lincoln Square’s desirable demographics, convenient access to public transportation,and vibrant community atmosphere.
The building includes a mix of market-rate apartments (22), one office space,and two affordable apartments. All units have been recently updated with quartz countertops,cabinets,stainless steel appliances,dishwashers,on-site parking,and laundry facilities.
This successful sale showcases Greenstone Partners’ expertise in brokering high-value real estate deals that offer solid investment opportunities for both local and out-of-state buyers alike.
