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200 E Chestnut St Chicago, ...

Updated Sep 11, 2026

SOLDMultiFamily

Trinity Property Consultants Acquires Seneca Apartment Building In Chicago's Streeterville Neighborhood For $55M

200 E Chestnut St Chicago, IL 60611, USA

$55,000,000

Units

268

Asset Type

MultiFamily

Closing

Jul 5, 2023

About this deal

AI

The Seneca apartment building in Chicago's Streeterville neighborhood has been acquired by Trinity Property Consultants for $55 million. The 268-unit property was sold by Vanbarton Group, at a significant discount from its previous sale price.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $55,000,000
  • Address: 200 East Chestnut Street, Chicago
  • Market: Chicago

Trinity Property Consultants successfully purchased the Seneca apartment building from Vanbarton Group in a deal worth $55 million. This transaction marks a notable decrease in value since the property was last sold in 2014. The acquisition of this multifamily asset further expands Trinity Property Consultants' portfolio in the Chicago market.

On the Map

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$55,000,000

MultiFamily

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Players

Vanbarton Group
Vanbarton GroupBrokerage
Trinity Property Consultants
Trinity Property ConsultantsBuyer

Richard Coles

Vanbarton Group

Seller

$956.6M

vol

9 deals

Seller
Bilt advertisement

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $205.2K per unit across 268 units on a published $55M (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.29%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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