A local investor has scooped up a 166-unit apartment tower in a high-demand area of Chicago for $42.5 million during what it views as a rare window to buy top properties for less than it would cost to build them today.
Chicago apartment building sells in ‘generational opportunity’
MZ Capital Partners buys The Jax, completed in early 2020, for $42.5 million
By Ryan Ori
CoStar News
September 9, 2024 | 10:40 P.M.
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IN THIS ARTICLE
- Properties
- The Jax
1220 Jackson Blvd, Chicago, IL
- Companies
- AEW Capital Management
Finance and Insurance