CHICAGO—Two multifamily properties totaling 238 units in the South Shore section of Chicago were sold to San Francisco-based Belveron Partners, LLC for $16.8 million.
The sale of the two properties—Shorewind Towers at 7000 South Shore Drive, and Shorewind Court, nearby at 6951 S. Oglesby Ave.—was the largest by dollar amount and unit count in the submarket in the last 10 years, according to CoStar. Both properties were originally built nearly a century ago.
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