South Shore is far from Chicago’s most lucrative multifamily market, but it has begun attracting interest from coastal investors. San Francisco-based Belveron Partners just acquired for $16.8M both Shorewind Towers, at 7000 South Shore Drive, and Shorewind Court, nearby at 6951 South Oglesby Ave.

The two-property transaction, which totaled 238 units, was the largest by dollar amount and unit count in the submarket since 2009, according to CoStar.

Read article: Bisnow