CHICAGO and MILWAUKEE – June 14, 2022 – Berkadia announced today the sale of L Logan Square, a 120-unit multifamily property located in Chicago, Illinois. Senior Managing Director Pete Evans, Managing Director Ralph DePasquale, and Director Jack Maloney of Berkadia Chicago and Senior Director Richard Evans of Berkadia Milwaukee completed the sale on behalf of the seller, Illinois-based The X Company. The buyer, also based in Illinois, was Back Nine Apartment Investors, and the deal closed on May 23.
“L Logan attracted buyers from around the country as renter demand from high-wage earners continues to accelerate in vibrant urban neighborhoods,” said Pete Evans.
Located at 2211 N Milwaukee Ave., L Logan Square features studio, one-, two- and three-bedroom floor plans with high ceilings and in-unit washers and dryers in a distinctly modern property. Community amenities include a sundeck, a fitness center, a business center and a lounge.
“L Logan Square is in the most sought-after location for young professionals and families looking for an active lifestyle in an authentic urban neighborhood setting,” added Evans. “Access to restaurants, nightlife, shopping and transportation make Logan Square one of the trendiest, largest and most popular neighborhoods in Chicago.”
Logan Square, among the largest of Chicago’s neighborhoods with a population of 85,000 residents, continues to grow as its popularity increases. L Logan Square is among the first new apartment properties to bring modern conveniences, finishes and amenities to this dynamic neighborhood.