Illinois

Stonebridge of Arlington Heights
IllinoisInvestment SalesMidwestNews

Bayshore Properties Acquires 586-Unit Community in Chicago’s Northwest Suburbs

by Kari Lloyd

ARLINGTON HEIGHTS, ILL. — Bayshore Properties has acquired Stonebridge of Arlington Heights, a 586-unit multifamily property in Arlington Heights in Chicago’s northwest suburbs for $131 million. The Conor Group was the seller. Stonebridge of Arlington Heights was built in 1973 and features one- and two-bedroom floor plan layouts across six buildings. The average apartment size is 1,075 square feet. Resident amenities include a fitness center, pool, basketball court and bike storage.  Steve LaMotte Jr., John Jaeger, Dane Wilson, Justin Puppi and Ross Wettersten of CBRE represented the seller. Dan Sacks …

Continue Reading
0 FacebookTwitterLinkedinEmail
3825 N. Pine Grove, Chicago
IllinoisInvestment SalesMidwestNews

Kiser Group Arranges Sale of 94-Unit Property in Chicago’s Lakeview for $18.3 Million

by Kari Lloyd

CHICAGO — Kiser Group has brokered the condominium deconversion sale of 3825 N. Pine Grove in Chicago’s Lakeview neighborhood. The seller, the 3825 N. Pine Grove Condominium Association, received $18.3 million in the transaction. The buyer was not disclosed. According to CoStar, this is only the third building of 90 or more units that has been traded in Lakeview in the last five years.  The property is home to 94 units featuring both studio and two-bedroom layouts and 54 parking spaces. At the time of sale, 90 percent of the …

Continue Reading
0 FacebookTwitterLinkedinEmail
The Row in Fulton Market, Chicago.
DevelopmentIllinoisMidwestNews

Related Midwest’s 300-Unit High-Rise Under Development in Chicago Is Set for Completion in June

by Kari Lloyd

CHICAGO — Chicago-based developer Related Midwest has revealed project details for The Row Fulton Market, a 43-story, 300-unit high-rise currently under construction in Chicago’s historic Fulton Market District. Located at 164 N. Peoria St., the development is currently scheduled to open in June. Developed under the recently passed Affordable Illinois legislation, The Row is one of Chicago’s first 80/20 buildings, setting aside 20 percent of residences for affordable housing Resident amenities include a fitness club, yoga studio, children’s play suite, reservable entertainment suite with adjacent terrace and outdoor kitchen, multiple …

Continue Reading
0 FacebookTwitterLinkedinEmail
IllinoisMidwestNewsOperations

Peak Properties to Assume Management Duties at 10-Unit Vintage Building in Chicago’s Logan Square

by Kari Lloyd

CHICAGO — Peak Properties LLC will take on management duties for the 10-unit property at 2919-2921 N. Whipple in Chicago’s Logan Square neighborhood. An unnamed local investor acquired the property for $2 million as part of a 1031 exchange in November 2022. Built in 1927, the vintage building features 10 one-bedroom units all with updated bathrooms, kitchens with stainless steel appliances. Key elements of the property were addressed after the building was purchased, including the roof, windows, boiler and electrical service.

Continue Reading
0 FacebookTwitterLinkedinEmail
741 N. Wells Apartments
DevelopmentIllinoisMidwestNews

Developer Tops Out Mixed-Use Tower Featuring 168 Apartment Units in Chicago’s River North

by Kari Lloyd

CHICAGO — Developer VISTA Property and general contractor Skender have topped out construction on 741 N. Wells Street, a new mixed-use development in Chicago’s River North neighborhood. The 21-story, 201,000-square-foot development will include 168 units. Community amenities include a rooftop terrace with pool, meeting facilities, exercise area, bicycle storage and parking for roughly 50 vehicles. VISTA Property financed the project with a first mortgage loan from Huntington Bank. In addition to VISTA Property and Skender, the project development team includes Antunovich Associates as architects. Luxury Living Chicago Realty will head …

Continue Reading
0 FacebookTwitterLinkedinEmail
Coppia, a reflective contemporary-style multifamily building.
DevelopmentIllinoisMidwestNews

Pizzuti Cos. Breaks Ground on 19-Story Coppia Multifamily High-Rise in Chicago’s West Loop

by Channing Hamilton

CHICAGO — The Pizzuti Cos., a private real estate development and management firm based in Columbus, Ohio, has broken ground on Coppia, a 19-story high-rise apartment tower in Chicago.  The 298-unit community will be located at 1101 Van Buren St., which is situated at the southern end of Aberdeen Street in the city’s West Loop district. Pizzuti expects to complete Coppia in 2024.  The property will sit across from a Target store and next to Chicago Transit Authority’s Racine Avenue Blue Line Station, as well as three blocks west of …

Continue Reading
0 FacebookTwitterLinkedinEmail
851 W Grand, a gray and green 6-story multifamily building.
IllinoisInvestment SalesMidwestNews

Interra Realty Negotiates $11M Sale of Transit-Oriented Multifamily Property in Chicago

by Channing Hamilton

CHICAGO — Interra Realty has negotiated the sale of a 36-unit, transit-oriented multifamily property in Chicago’s Fulton River district for $11 million. Located at 851 W. Grand Ave., the building features seven studios, 20 one-bedroom units and nine two-bedroom units. Amenities include a bike room, dry-cleaning pickup, tenant storage, a package room and onsite parking. Constructed in 2017, the property was 95 percent leased at the time of sale. The building is situated one block from the Chicago Transit Authority (CTA) Grand Blue Line station and is also in proximity …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.