Antheus Capital Acquires 275-Unit South Loop Multifamily From Draper & Kramer For $59M

A 24-story, 275-unit apartment building located at 2111 South Wabash Avenue in Chicago's South Loop has been sold for $59 million. The property was acquired by New Jersey-based Antheus Capital, led by Eli Ungar, from Chicago-based Draper & Kramer. This transaction marks the second purchase by Antheus Capital from Draper & Kramer this year. The sale price equates to approximately $218,000 per unit, and the acquisition was financed with a nearly $33 million mortgage from CBRE Capital Markets.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $59,000,000
• Address: 2111 South Wabash Avenue
• Market: Chicago
• Buyer: Antheus Capital - Eli Ungar
• Seller: Draper & Kramer - Todd Bancroft
• Lender: CBRE Capital Markets
• Units: 275
• Price per Unit: $218,000

The sale of the apartment building was facilitated by Todd Bancroft representing Draper & Kramer and Eli Ungar representing Antheus Capital. CBRE Capital Markets provided the financing for the acquisition.