Highland Real Estate Partners Sells Multifamily Property At 1350-1352 North Cleveland Avenue For $2.95M
1350 North Cleveland Avenue
$2,950,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 3, 2025
AI
1350-1352 North Cleveland Avenue is a six-unit multifamily apartment building located in Chicago's Old Town market. The property was sold for $2,950,000, translating to a price per unit of $491,667.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,950,000
- Units: 6
- Price Per Unit: $491,667
- Seller: Highland Real Estate Partners
- Broker: Brad Feldman - Interra Realty
Brad Feldman of Interra Realty represented both the seller, Highland Real Estate Partners, and the buyer, a private investment firm, in this transaction.
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
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93