A Chicago firm has paid $167 million for a massive apartment complex near O’Hare International Airport, the largest deal so far in an active market for multifamily transactions in the country’s third-largest city.
Apartment complex in Chicago nets market’s highest sale price to date in 2026
Pavilion rental property near O’Hare International Airport commands $167 million
By Ryan Ori
CoStar NewsMay 13, 2026 | 9:56 P.M.
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IN THIS ARTICLE
- Properties
- The Pavilion
5441 East River Rd, Chicago, IL
- Companies
- Royal Imperial Group
Real Estate
- Brookfield Corporation
Finance and Insurance