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

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SOLD
$2,950,000

Illinois

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MultiFamily
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SOLD

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

1350 North Cleveland Avenue

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MultiFamily
Sold
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

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
Brad Feldman
36 deals$282.9M volume
BROKER
Interra Realty
Interra Realty
BROKERAGE

Details

SOLD
IMAGE: Brad Feldman DATE: 11/03/2025 ADDRESS: 1350-1352 North Cleveland Avenue MARKET: Chicago ASSET TYPE: Multifamily SELLER: Highland Real Estate Partners BROKER: Brad Feldman (@BsFeldman) - Interra Realty (@InterraRealty) SALE PRICE: $2,950,000 UNITS: 6 ~ PPU: $491,667 NOTE: Interra Realty brokered the $2.95 million sale of a six-unit apartment building at 1350-1352 N. Cleveland Avenue in Chicago’s Old Town. Brad Feldman of Interra represented both the seller, Highland Real Estate Partners, and the buyer, a private investment firm.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$157,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,480.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,984.51
Annual Debt Service$167,814.06