facebook
Traded Co logo
Submit
Daily limit: 0/10

Jeremy Morton Of Interra Realty Represents Buyer In Sale Of Multifamily Buildings In Chicago For $6.525M

Property Image
SOLD
$6,525,000
Steven Rapoport
Jeremy Morton

Illinois

See Similar Deals
MultiFamily
Sold
the dealplayerscompscontact
Property Image
SOLD

Jeremy Morton Of Interra Realty Represents Buyer In Sale Of Multifamily Buildings In Chicago For $6.525M

10 12 West Chestnut Street

See Similar Deals
MultiFamily
Sold
Steven Rapoport
Jeremy Morton
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involved a multifamily property located at 10-12 West Chestnut Street and 1754-1756 West 21st Place in the Chicago market. The total sale price for the assets was $6,525,000, comprising 20 units, resulting in a price per unit of $326,250. The properties were fully occupied vintage buildings.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,525,000
  • Units: 20
  • Price Per Unit: $326,250
  • Buyer's Representative: Jeremy Morton - Interra Realty
  • Seller's Representative: Steven Rapoport - CRER (Chicago Real Estate Resources)

This deal was one of two multifamily sales brokered by Interra Realty, highlighting the firm's engagement in significant real estate transactions in Chicago. Both properties involved active negotiations between the representatives, ensuring the process aligned with market expectations.

Players

Jeremy Morton
Interra Realty
Jeremy Morton
25 deals$85.4M volume
BROKER
Steven Rapoport
CRER (Chicago Real Estate Resources)
Steven Rapoport
23 deals$74.1M volume(847) 863-2707
BROKER
CRER (Chicago Real Estate Resources)
CRER (Chicago Real Estate Resources)
BROKERAGE
Interra Realty
Interra Realty
BROKERAGE

Details

SOLD
IMAGE: Jeremy Morton & Steven Rapoport DATE: 12/11/2025 ADDRESS: 10-12 West Chestnut Street & 1754-1756 West 21st Place MARKET: Chicago ASSET TYPE: Multifamily BUYER'S REP: Jeremy Morton (@JMorton22) - Interra Realty SELLER'S REP: Steven Rapoport (@Steven_Rapoport_ccim) - CRER (Chicago Real Estate Resources) (@CRERChicago) SALE PRICE: $6,525,000 UNITS: 20 ~ PPU: $326,250 NOTE: Interra Realty brokered two Chicago multifamily sales: an eight-unit Gold Coast building at 10-12 W. Chestnut St. for $3.425M, with Jeremy Morton representing the buyer and Steven Rapoport representing the seller, and a 12-unit Pilsen portfolio at 1754-1756 W. 21st Place for $3.1M, with Morton and Harrison Pinkus representing the seller and Denise Reyes representing the buyer. Both deals involved fully occupied, vintage buildings.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$348,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,181.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,931.83
Annual Debt Service$371,181.95