February 20, 2019
First Western Properties has arranged the sale of Douglas Park Flats, a 32-unit multifamily property in the West Side’s Douglas Park neighborhood. Terms were not disclosed.
Located directly across from Douglas Park at 3001 W. 19th, Douglas Park Flats is the largest in the immediate area, First Western says.
The property is walking distance from the CTA Pink Line, the new El Paseo Bike Trail, Lagunitas Brewery, Cinespace Film Studios and the Medical District. It offers strong cash flow, appreciation potential and accessibility to Chicago’s strong residential tenant base.
“The Pilsen/Little Village area, and more specifically Douglas Park, is one of the most up and coming areas in Chicago,” said Paul Tsakiris, president of First Western. “I look forward to seeing this amazing area develop and thrive, as more and more people discover its many wonderful attributes.”
For comments, questions or concerns, please contact Paul Bubny