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948 West Sunnyside Avenue

Giannis Antetokounmpo's Ante, Inc. Acquires Mixed-use Asset For $21 Million In Chicago
SOLDMixed-use

Giannis Antetokounmpo's Ante, Inc. Acquires Mixed-use Asset For $21 Million In Chicago

948 West Sunnyside Avenue

$21,000,000

Building Size

Asset Type

Mixed-use

Closing

Mar 31, 2026

AI

The asset involved in this transaction is a mixed-use property located at 948 West Sunnyside Avenue, Chicago. The property was sold for a total of $21,000,000. Giannis Antetokounmpo’s family office acquired the Portrait Apartments situated in the Uptown neighborhood, marking a significant addition to their real estate portfolio.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $21,000,000
  • Buyer: Giannis Antetokounmpo
  • Buyer's Company: Ante, Inc.
  • Address: 948 West Sunnyside Avenue
  • Market: Chicago

This acquisition represents Giannis Antetokounmpo's family office's second multifamily purchase in the Uptown area within recent months, indicating a strategic interest in the local real estate market.

Players

Giannis Antetokounmpo

Buyer

$46.2M

vol

6 deals

Buyer

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

0.76%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93