Streeterville apartment building sells for $55M as complexes fetch low prices amid interest rate hikes
The Vanbarton Group sold Streeterville’s historic The Seneca, a 267-unit apartment building at 200 E. Chestnut St., for $55 million, according to Cook County property records. That’s a big markdown for the New York-based investor, which paid $74.8 million for the 16-story tower in 2014, but taking such hits is not unusual these days. Even though Chicago’s downtown apartment sector is healthy ...
Source: yahoo.com