Greenstone Partners successfully completed the sale of 1151 West Erie Street, a nine-unit multifamily property located at the edge of Chicago’s West Town and Fulton Market neighborhoods.
The historic Erie Street property, built in 1883, attracted immediate interest, going under contract within the first week of marketing. The buyers, a pair of 1031 exchange investors, were drawn to the asset’s strong location, unique layouts, rooftop deck, ample on-site parking, and direct access to Fulton Market and the highway. They identified additional upside through raising rents and capitalizing on the property’s turnkey condition and desirable features.
Greenstone Partners’ Senior Director Jordan Multack represented the sellers, a Chicago-based private investor group, as well as the buyers, Chicago-based private investors, in the transaction.
Greenstone Partners specializes in many types of middle-market commercial real estate
transactions throughout Chicagoland. Greenstone’s team secures the most qualified offers and favorable terms for its clients, leveraging a proprietary marketing process, white-glove client service, and unparalleled market expertise.
Greenstone Partners has advised private investors for over a decade, specializing in
commercial real estate investment sales, market analysis, and strategic advisory services. Since its founding in 2013, advisors at the firm have closed more than $3.5 billion in gross transaction volume.
