John Kinzelberg Of Highgate Capital Group Acquires Mixed-Use Building From Matt Katsaros For $28M
2411 North Lincoln Avenue
$28,000,000
Units
36
Asset Type
Mixed-use
Closing
Nov 6, 2025
About this deal
AI
A 36-unit mixed-use apartment building located at 2411 North Lincoln Avenue in Chicago’s Lincoln Park has been sold for $28 million. The property features retail tenants Wells Fargo and Panera Bread and was developed with Contemporary Concepts. It was built in 2022 and traded at a 6% cap rate.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $28,000,000
- Units: 36
- Price Per Unit: $777,778
- Buyer: John Kinzelberg - Highgate Capital Group
- Seller: Matt Katsaros - Wildwood Investments
- Market: Chicago
John Kinzelberg represents Highgate Capital Group in this transaction, while Matt Katsaros represents Wildwood Investments. This sale marks a significant addition to Highgate Capital Group's portfolio in the Chicago market.
Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93