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
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