Executive Summary
Nate Gautsche and Sean Mason facilitated the off-market sale of 3421 N Ashland in Chicago’s Southport Corridor for $17,150,000. This new construction, 53-unit, luxury apartment building offered an attractive unit mix of studios, 1BR and 2BR apartments in a high barrier to entry market. The building features excellent amenities including an expansive roof deck, gym, dog walk, and co-working space. 10% of units are designated as affordable at 60% AMI under Chicago’s Affordable Requirement Ordinance (ARO).