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1337 West Fargo Avenue

Ron Abrams Of Silver Property Group Acquires Multifamily Asset From TAWANI Property Management For $45M
SOLDMultiFamily

Ron Abrams Of Silver Property Group Acquires Multifamily Asset From TAWANI Property Management For $45M

1337 West Fargo Avenue, 1323 West Morse Avenue, 1334 West Morse Avenue, 1373 West Greenleaf Avenue, 1344 West Lunt Avenue & 1441 West Jarvis Avenue

$45,000,000

$205/SF

Building Size

218,979 SF

Asset Type

MultiFamily

Closing

Jun 29, 2025

AI

The transaction involves the sale of a multifamily asset located across multiple addresses in Chicago: 1337 West Fargo Avenue, 1323 West Morse Avenue, 1334 West Morse Avenue, 1373 West Greenleaf Avenue, 1344 West Lunt Avenue, and 1441 West Jarvis Avenue. The transaction was completed on June 30, 2025, with a sale price of $45,000,000. The asset features a total of 263 units, with a price per unit of $171,102. The total square footage is 219,512, resulting in a price per square foot of $205.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $45,000,000
  • Buyer: Ron Abrams - Silver Property Group
  • Seller: TAWANI Property Management
  • Brokers: Brian Semel & Connor Loughlin - 95 Realty
  • Units: 263
  • Square Footage: 219,512
  • Price per Unit: $171,102
  • Price per Square Foot: $205

The key individuals involved in this transaction are Ron Abrams, who represented the buyer, and TAWANI Property Management, the seller. The brokerage team consisted of Brian Semel and Connor Loughlin, who facilitated the transaction through their affiliation with 95 Realty.

Players

Brian Semel

95 Realty

Broker

$72.6M

vol

8 deals

Broker
95 Realty
95 RealtyBrokerage
Ron Abrams

Ron Abrams

Silver Property Group

Buyer

$68.2M

vol

3 deals

Buyer
Silver Property Group
Silver Property GroupBuyer

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.35%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93