A California-based investor has paid nearly $175 million for a 398-unit apartment tower in Chicago’s Streeterville neighborhood, the highest price of the year in a busy year for downtown multifamily sales.
Streeterville apartments sell for nearly $175 million, highest price in Chicago since 2023
FPA Multifamily affiliate buys North Water complex from Crescent Heights
By Ryan Ori
CoStar NewsDecember 1, 2025 | 9:36 P.M.
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IN THIS ARTICLE
- Properties
- North Water Apartments
340 North Water St, Chicago, IL
- Companies
- FPA Multifamily LLC
Real Estate
- Crescent Heights
Construction
- Contacts
- Susan Lawson
Senior Managing Director, Newmark
- Charles Johanns
Senior Managing Director, Newmark
- Elizabeth Gagliardi
Senior Managing Director, Newmark