Newcastle Investors Sells Fully Leased Condo To Urban Outfitters For $4.125M In Chicago
1521 North Milwaukee Avenue
$4,125,000
$389/SF
Building Size
10,600 SF
Asset Type
Condo
Closing
Oct 19, 2026
About this deal
AI
This transaction involved a retail condominium asset located at 1521 North Milwaukee Avenue in Chicago, IL. The property was sold for $4,125,000 and spans 10,600 square feet, resulting in a price per square foot of $389. This two-level retail space is fully leased to Urban Outfitters, which has been operating at this location since 2005.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,125,000
- Address: 1521 North Milwaukee Avenue
- Market: Chicago, IL
- Square Footage: 10,600
- Price per Square Foot: $389
- Seller: Brennan Hitpas - Newcastle Investors
- Brokers: Danny Spitz & Brewster Hague - Greenstone Partners
Greenstone Partners facilitated the sale, representing the seller, Newcastle Investors, in this transaction. The involvement of Danny Spitz and Brewster Hague was instrumental in the successful closing of this deal.
On the Map
$4,125,000
$389/SF
Condo
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Players
Charlotte Hall Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $389 per square foot on a published $4.1M for 10,600 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93