Updated Jun 5, 2026
Jonathan Rose Companies Acquires Multifamily Property In Chicago For $17.5M
1354 South Morgan Street, Chicago, Illinois 60608, United States
$17,500,000
Units
272
Asset Type
MultiFamily
Closing
Sep 19, 2022
About this deal
AI
A multifamily property located at 1354 S Morgan Street in Chicago has been sold for a total of $17,500,000. The property consists of 272 units, which results in a per-unit price of $64,338.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,500,000
- Address: 1354 S Morgan Street, Chicago
- Market: Chicago
- Buyer: Jonathan Rose Companies - Nathan D. Taft
- Seller: Chicago Community Development Corporation
- Total Units: 272
- Price per Unit: $64,338
The buyer of the property is Jonathan Rose Companies, represented by Nathan D. Taft. The seller in this transaction is Chicago Community Development Corporation.
On the Map
$17,500,000
MultiFamily
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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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93