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 . News Hub is your link to relevant real estate and business stories from other local, regional and national publications.