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California Investor Pays $96 Million for Apartments Near Chicago

Complex Totaling 29 Acres in Westmont, Illinois, Last Sold for Just Over $70 Million in 2018
A California investor has paid $96 million for the 558-unit apartment complex at 6715 Lake Shore Drive in Westmont, Illinois. (Justin Schmidt/CoStar)
A California investor has paid $96 million for the 558-unit apartment complex at 6715 Lake Shore Drive in Westmont, Illinois. (Justin Schmidt/CoStar)
CoStar News
September 21, 2023 | 7:32 P.M.

A California investor has paid $96 million for a 558-unit apartment complex west of Chicago, one of the largest suburban sales of the year amid a slowdown in deals because of rising interest rates and other economic worries.

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