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
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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