DAC Developments, Focus Development & Melrose Ascension Capital Acquire Mixed-Use Property In Chicago, IL For $10.3M

A mixed-use property located at 1217 W Washington Blvd in Chicago, IL was sold in a recent transaction. The property, consisting of 288 units, was acquired by DAC Developments, represented by Daniel Rezko, Focus Development, and Melrose Ascension Capital. The seller, Peppercorn Capital, was represented by Philip Denny. The sale price for the property was $10,300,000, resulting in a per unit price of $35,764.

Summary of transaction details:

• Property Type: Mixed use
• Transaction Amount: $10,300,000
• Units: 288
• Price per Unit (PPU): $35,764

The buyers, DAC Developments, represented by Daniel Rezko, Focus Development, and Melrose Ascension Capital, successfully acquired the mixed-use property located at 1217 W Washington Blvd in Chicago, IL. The sellers, Peppercorn Capital, were represented by Philip Denny in the transaction.