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1980 North Milwaukee Avenue

Eugene Rutenberg Of Celestial Fund Secures $25 Million Acquisition Loan For Multifamily In Chicago
FINANCEDMultiFamily

Eugene Rutenberg Of Celestial Fund Secures $25 Million Acquisition Loan For Multifamily In Chicago

1980 North Milwaukee Avenue

$25,000,000

$291/SF

Building Size

85,652 SF

Asset Type

MultiFamily

Closing

Dec 4, 2025

AI

The property asset involved in the transaction is a multifamily unit located at 1980 North Milwaukee Avenue in Chicago, IL. The asset encompasses a total square footage of 85,652 and comprises 132 units. The loan amount for the acquisition is $25,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $25,000,000
  • Address: 1980 North Milwaukee Avenue
  • Market: Chicago, IL
  • Square Footage: 85,652
  • Units: 132
  • Loan Type: Acquisition

The key individuals involved in the transaction include Eugene Rutenberg, who represents Celestial Fund as the broker in this deal.

Players

Eugene Rutenberg

Celestial Fund

Broker

$215.3M

vol

14 deals

Broker
Celestial Fund
Celestial FundBrokerage

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

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93