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1447 North Dearborn Parkway

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

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

1447 North Dearborn Parkway

$10,000,000

$222/SF

Building Size

45,000 SF

Asset Type

MultiFamily

Closing

Mar 19, 2025

AI

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

Broker

$25.4M

vol

13 deals

Broker

Brian Dohmen

Altitude Capital Partners

Buyer

$47.2M

vol

2 deals

Buyer

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

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93