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At $600 Million, Apartment Portfolio Sale Is One of Chicago’s Biggest in Years

Pangea Properties Has Contract To Sell About 7,500 Units, Mostly on South and West Sides, to Emerald Empire
Pangea Properties’ sale of an apartment portfolio to Emerald Empire will include the 155-unit Lakeside Village of Mundelein north of Chicago. (CoStar)
Pangea Properties’ sale of an apartment portfolio to Emerald Empire will include the 155-unit Lakeside Village of Mundelein north of Chicago. (CoStar)
CoStar News
December 8, 2022 | 10:35 P.M.

About 7,500 apartments in the Chicago area, mostly in lower-income neighborhoods on the city’s South and West Sides, are selling for a reported $600 million in one of the biggest multifamily sales in the area in years.

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