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Apartment Tower on Chicago’s North Side Sells for $119 Million, Overcoming Sluggish Market Nationally

Avanath Capital Management Buys 256-Unit Lincoln Park Plaza
Avanath Capital Management has paid $119 million for the 256-unit Lincoln Park Plaza apartment building at 600 W. Diversey Parkway in Chicago. (Justin Schmidt/CoStar)
Avanath Capital Management has paid $119 million for the 256-unit Lincoln Park Plaza apartment building at 600 W. Diversey Parkway in Chicago. (Justin Schmidt/CoStar)
CoStar News
March 31, 2023 | 9:04 P.M.

A mixed-income apartment tower on Chicago’s North Side has sold for $119 million, overcoming a sluggish market for multifamily sales throughout the country amid rising interest rates and other economic worries.

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