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Brian Dohmen Of Altitude Capital Partners Purchases Multifamily Property From John Brown For $10M

Property Image
SOLD
$10,000,000
Max Grossman
Colin O’Malley
BD

Illinois

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MultiFamily45,000 SF
Sold 03/19/2025
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Property Image
SOLD

Brian Dohmen Of Altitude Capital Partners Purchases Multifamily Property From John Brown For $10M

1447 North Dearborn Parkway

See Similar Deals
MultiFamily45,000 SF
Sold 03/19/2025
Max Grossman
Colin O’Malley
BD
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$222
Total Square Footage:45,000 SF
Transaction Type:Sale

The property asset involved in this transaction is a multi-family building located at 1447 North Dearborn Parkway in the Chicago market. The transaction was completed for a total price of $10,000,000.00, encompassing 8 units and a total square footage of 45,000.0.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $10,000,000.00
  • Address: 1447 North Dearborn Parkway
  • Market: Chicago
  • Units: 8
  • Square Footage: 45,000.0
  • Buyer: Brian Dohmen - Altitude Capital Partners
  • Seller: John Brown
  • Broker Representatives: Max Grossman - Interra Realty, Colin O’Malley - Interra Realty

This transaction involved Brian Dohmen representing Altitude Capital Partners as the buyer, while John Brown served as the seller. The brokers Max Grossman and Colin O’Malley, both from Interra Realty, represented the involved parties in this multi-family property transaction.

Players

Max Grossman
Interra Realty
Max Grossman
13 deals$25.4M volume
BROKER
Colin O’Malley
Interra Realty
Colin O’Malley
8 deals$73.7M volume(312) 361-3138
BROKER
BD
Brian Dohmen
2 deals$47.2M volume
BUYER

Details

SOLD
IMAGE: Max Grossman, Brian Dohmen & Colin O’Malley DATE: 03/19/2025 ADDRESS: 1447 North Dearborn Parkway MARKET: Chicago ASSET TYPE: Multifamily BUYER: Brian Dohmen - Altitude Capital Partners SELLER: John Brown BROKERS: Colin O’Malley & Max Grossman (@MaxGrossman__) - Interra Realty (@InterraRealty) SALE PRICE: $10,000,000 UNITS: 8 ~ PPU: $1,250,000 SF: 45,000 ~ PPSF: $222 NOTE: Interra Realty brokered the $10M sale of an eight-unit, 45,000-sf condo building at 1447 N. Dearborn Parkway in Chicago’s Gold Coast. Altitude Capital Partners, represented by Max Grossman, plans to complete interiors and sell the units, while Colin O’Malley represented the seller.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
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