Mod Apartment Building Sells for $20M
Get the Windy City's commercial news in your email with GlobeSt.com's Chicago AM Alert. Keep up with industry news, activities and profiles. Sign Up Today!
CHICAGO-Randolph Street Realty Capital is selling a 58-unit multifamily building called Mod in the West Loop to Chicago developer Steven Fifield for a price of $20 million. Fifield plans to build 44 more units on a parcel adjacent to the site. The deal, which includes the adjacent parcel, amounts to roughly $345,000 per apartment for the five-story structure located at 1222 W. Madison Street.
Mod's expansion will also include a 3,000-square-foot retail space and a business center. Construction is expected to start in spring. For the full story, go to Chicago Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Is networking important to you? Join RealShare Conferences to hear from prominent speakers and meet the commercial real estate elite. Check out the schedule of events!
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.