The property includes 22 apartments over nine street-level retail spaces. Senior managing partner Joe Smazal represented the undisclosed seller and buyer.
 
“Ravenswood is a submarket with low sale velocity and longer hold periods, and value-add deals of this size are rare,” said Smazal. “Attesting to the strength of well-located multifamily in Chicago, we arranged an off-market sale and saw the deal through to closing despite the COVID-19 pandemic.”

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