Updated Sep 23, 2026
Artur Barkan Secures $816,000 Loan For Multifamily Acquisition In North Chicago
1415 Glenn Drive
$816,000
$92/SF
Building Size
8,832 SF
Asset Type
MultiFamily
Closing
Sep 4, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily unit located at 1415 Glenn Drive in North Chicago. This asset consists of 12 units and has a total square footage of 8,832. The loan amount for this acquisition was $816,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $816,000
- Square Footage: 8,832
- Units: 12
- Address: 1415 Glenn Drive
- Market: North Chicago
- Borrower: Artur Barkan
- Broker: Matthew Bowker - Lodge Financial
- Loan Type: Acquisition
- Loan Terms: 5
This transaction was facilitated by Matthew Bowker from Lodge Financial, who represents the borrower, Artur Barkan. Lodge Financial successfully closed the deal with 80% financing for the client’s new acquisition.
On the Map
$816,000
$92/SF
MultiFamily
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Players
North Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
19.44%
Cash-on-Cash
-5.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93