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1350 North Cleveland Avenue

Highland Real Estate Partners Sells Multifamily Property At 1350-1352 North Cleveland Avenue For $2.95M
SOLDMultiFamily

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

Brad Feldman

Interra Realty

Broker

$280.5M

vol

37 deals

Broker
Interra Realty
Interra RealtyBrokerage

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