Berkadia, a leading commercial real estate company, recently finalized the sale of Midpointe Apartments in Chicago, Illinois. The 423-unit garden-style multifamily property was sold to an affiliate of Turner Impact Capital from California. Berkadia’s Managing Director Ralph DePasquale oversaw the transaction on behalf of an institutional investor. While the exact sale price was not disclosed, DePasquale noted that having been involved in a previous sale of the property, he could see significant improvements made by the seller.
Located at 4050 W 115th Street, Midpointe Apartments offers residents a Chicago address with a more suburban atmosphere. Originally built in 1973 and upgraded over ten years ago, this property boasts amenities such as an outdoor pool and fitness center along with unique features like a dog park and fire pit area for social gatherings. With its prime location and modern upgrades,Midpointe Apartments is sure to be highly sought after by potential buyers.
