CHICAGO—Newcastle Limited has acquired two multifamily apartment properties in the Lakeview neighborhood of Chicago for $16.45 million. Located in the Lakeview neighborhood at 718 and 725 West Irving Park Road, the properties are situated at the intersection of Irving Park and Clarendon Avenue.

Jameson Commercial’s Mark Jones, senior vice president, investments, represented the seller, Dimensions Management, while Mark Kishtow, senior vice president, investments, represented the buyer in the transaction.

The courtyard-style properties have a total of 115 one-, two- and three-bedroom apartments with five commercial spaces.