Greenstone Partners closed the sale of 693 North Peoria Street, a newly constructed nine-unit multifamily property located in the River West neighborhood of Chicago. The property sold for $4.275 million or $475,000 per unit.
Senior Director Jordan Multack represented the seller and sourced a repeat, accredited, and local 1031 exchange buyer.
The property offers a modern mix of luxury layouts, including 2 Bed/1 Bath, 2 Bed/2 Bath, 3 Bed/3 Bath Duplex Down, and 2 Bed/2 Bath Duplex Up units—some featuring private rooftop access. The property boasts newer fixtures, private balconies, on-site parking, in-unit laundry, separated HVAC systems, and a top-tier urban location.
Situated in the heart of River West, 693 North Peoria provides residents with immediate access to Fulton Market, one of Chicago’s most vibrant entertainment and lifestyle districts. The area is home to world-class restaurants, grocery stores, boutique retailers, cafés, and fitness studios, offering an unparalleled mix of convenience and culture.
This transaction reflects Greenstone Partners’ continued dedication to delivering strategic results for multifamily owners and investors across Chicago and the broader Midwest.
