“The short market time demonstrates how multifamily investors are actively seeking deals near, but not necessarily in, core neighborhoods, where prices are higher despite offering similar amenities and lifestyle benefits,” said Smazal. For 820-26 W. Cuyler, “a location about a block away from Wrigleyville offers higher yield for the investor and lower rents for tenants, who are within walking distance of bars, restaurants and nightlife surrounding Wrigley Field.”

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