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
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