471 N Union Ave
Chicago, IL 60654
Sq. Ft.
449-471 N Union

Request the Offering Memorandum:

Upon submitting the form, you will gain access to the Offering Memorandum.

Executive Summary

(CRER) Chicago Real Estate Resources, Inc is proud to announce the sale of 449-471 N Union Ave in Chicago’s River West Neighborhood. CRER’s Nate Gautsche represented the seller and Tim Keenan also of CRER represented the buyers in the $8.0M sale of the 19,007 SF lot – $420.90psf.

449-471 N Union Ave featured underlying zoning of C1-5 which was rare for the area and permitted substantial density within right. Nate Gautsche privately marketed the lot on behalf of private owners who has purchased the lot out of foreclosure in 2013. Due to extensive relationships in the market, CRER was able to procure the highest and best buyer in the market and achieve a sales price almost 5 times the price Gautsche’s client paid 4 years prior.


Property Location

Chicago » 60654 » 471 N Union Ave

Property Details

Status Closed
Listing Type For Sale
Property Type Land
Size 2,400 Sq. Ft.
Price $8,000,000

Broker Contact

Nate Gautsche

Nate Gautsche, CCIM

Mobile: (312) 925-2521

Office: (773) 327-9300

Email: NateG@crer.com

vCard: Download

Tim Keenan

Timothy Keenan

Mobile: (773) 983-0741

Office: (773) 327-9300

Email: TimK@crer.com

vCard: Download

Chicago Property Management Services

CRER Is Expanding Its Property Management Portfolio

At CRER, we pride ourselves on being more than just a Property Management Company. We are partners in your success.
Our commitment is to safeguard your property's value and maximize its income potential. From our Lease Management to Advanced Tenant Screening, we ensure every detail is managed with precision.

Learn More Request a Quote

CRER Client

★ ★ ★ ★ ★

"As a property owner who has worked with CRER, I've found their approach to multi-family property management both professional and effective, particularly in their responsiveness to maintenance issues and their skill in balancing the needs of owners and tenants."

Local Expertise | National Reach
Learn More