{"id":73908,"date":"2025-12-30T18:05:11","date_gmt":"2025-12-30T18:05:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/73908\/"},"modified":"2025-12-30T18:05:11","modified_gmt":"2025-12-30T18:05:11","slug":"greenstone-partners-brokers-4-36m-sale-of-2417-west-erie-in-chicagos-smith-park-neighborhood","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/73908\/","title":{"rendered":"Greenstone Partners Brokers $4.36M Sale of 2417 West Erie in Chicago\u2019s Smith Park Neighborhood"},"content":{"rendered":"<p>            <a href=\"https:\/\/www.newsbeep.com\/us-pa\/wp-content\/uploads\/2025\/12\/2417-West-Erie.jpg\" data-caption=\"The buyer was attracted to the asset\u2019s strong in-place operations, additional value-add&#10;opportunities, and appreciation potential given the long-term growth trajectory of the Smith Park neighborhood.\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"365\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/www.newsbeep.com\/us-pa\/wp-content\/uploads\/2025\/12\/2417-West-Erie.jpg\" alt=\"2417 West Erie\" title=\"2417 West Erie\"\/><\/a>The buyer was attracted to the asset\u2019s strong in-place operations, additional value-add<br \/>\nopportunities, and appreciation potential given the long-term growth trajectory of the Smith Park neighborhood.<\/p>\n<p><a href=\"http:\/\/www.greenstone-partners.com\/\" target=\"_blank\" rel=\"noopener nofollow\">Greenstone Partners<\/a> announced the $4.36 million sale of <a href=\"https:\/\/www.apartments.com\/2417-w-erie-st-chicago-il-unit-303\/7x55dkz\/\" target=\"_blank\" rel=\"noopener nofollow\">2417 West Erie<\/a>, a newly constructed, nine-unit multifamily property in Chicago\u2019s Smith Park neighborhood.<\/p>\n<p>Senior Director Jordan Multack of Greenstone Partners represented the seller, a Chicago-based developer, and Director Jacob Goldstein along with Investment Analyst Alexander Tychalski of Greenstone Partners procured the purchaser, a private and local 1031 exchange buyer.<\/p>\n<p>\u201cThis transaction reflects the continued demand we\u2019re seeing for high-quality, newly built multifamily assets in Chicago\u2019s evolving neighborhoods,\u201d said Multack. \u201c2417 West Erie offers large, efficient layouts, and long-term stability, all in a community that continues to experience meaningful investment. We were proud to bring this asset to market and deliver a competitive process that resulted in a great outcome for both parties.\u201d<\/p>\n<p>2417 West Erie offers spacious, unique floor plans, large 3 Bed \/ 2.5 Bath apartments, plentiful onsite parking, and elevator access. The property has been meticulously maintained since delivery and provides residents with convenient access to transit, retail corridors, and a rapidly developing residential community.<\/p>\n<p>\u201cThis acquisition reflects the strong appetite we continue to see from private investors seeking well-located, high-quality multifamily assets,\u201d said Goldstein. \u201cOpportunities like 2417 West Erie, with its stable operations and long-term upside remain highly competitive in today\u2019s market.\u201d<\/p>\n<p>Greenstone Partners specializes in middle-market commercial real estate transactions throughout Chicagoland. The firm\u2019s advisors consistently secure the most qualified offers and favorable terms for clients by leveraging a proprietary marketing process, comprehensive analysis, and deep market expertise.<\/p>\n<p><a class=\"gofollow\" data-track=\"MjQ1LDYsNjA=\" href=\"http:\/\/umadvisory.org\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-pa\/wp-content\/uploads\/2025\/12\/UMA-digi-ad-leaderboard.jpg\" title=\"UMAdvisory\" border=\"0px\"\/><\/a>        <\/p>\n","protected":false},"excerpt":{"rendered":"The buyer was attracted to the asset\u2019s strong in-place operations, additional value-add opportunities, and appreciation potential given the&hellip;\n","protected":false},"author":2,"featured_media":73909,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[21677,38258,32361,136,138,137,38259,24753,38260,38261,8277,22104,139,38262,38263],"class_list":{"0":"post-73908","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-erie","8":"tag-1031-exchange","9":"tag-chicago-illinois","10":"tag-deal-boom","11":"tag-erie","12":"tag-erie-headlines","13":"tag-erie-news","14":"tag-greenstone-partners","15":"tag-illinois","16":"tag-improvements","17":"tag-low-density","18":"tag-multifamily","19":"tag-new-construction","20":"tag-news","21":"tag-transit-oriented","22":"tag-value-add"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/73908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=73908"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/73908\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/73909"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=73908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=73908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=73908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}