Drew Breneman Of Breneman Capital Acquires 47-Unit Multifamily In Chicago For $17.9M

Written By Drew Breneman

This MultiFamily property located in Chicago, IL was sold for $17,900,000 about 3 months ago.

Jerry Reinsdorf, owner of the Chicago Bulls and White Sox, has sold a 47-unit apartment complex located at 33 South Ashland Avenue in Chicago's West Loop. The property was acquired by investor Drew Breneman's firm, Breneman Capital, for a total of $17.9 million. This transaction reflects the increasing housing demand in the area.

Summary of transaction details

  • Property Type: Multifamily

  • Transaction Amount: $17,900,000

  • Address: 33 South Ashland Avenue

  • Market: Chicago

  • Buyer: Drew Breneman - Breneman Capital

  • Seller: Michigan Avenue Real Estate Group - Jerry Reinsdorf

  • Units: 47

  • Price per Unit: $380,851

Jerry Reinsdorf, a prominent figure in the sports industry as the owner of the Chicago Bulls and White Sox, sold the 47-unit apartment complex to Drew Breneman's Breneman Capital. This deal exemplifies the growing demand for housing in the West Loop area of Chicago.

Drew Breneman
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