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IllinoisMultifamily

Greenstone Partners closes $25 million sale of Gold Coast Chicago apartment property

November 21, 2024
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Photo courtesy of Greenstone Partners.

Greenstone Partners brokered the sale of Canterbury Court Apartments at 1220 N. State Parkway in the Gold Coast neighborhood of Chicago for $25.7 million.

The 176-unit multifamily property also features the famed Zebra Lounge on the ground floor. Greenstone Partners’ Senior Director Jordan Multack and Managing Partner Danny Spitz represented the seller, with additional representation from Marcus & Millichap’s Nicholas Kanich. Multack procured the buyer, Becovic Holdings Corporation.  

Canterbury Court Apartments includes 142 studio units, 26 one-bedroom, one-bath units, 2 two-bedroom, two-bath apartments, and six additional units previously used by the former owner.

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