Block Property Group Acquires Multifamily Building In Chicago For $1.385M From Margret Rodrigues
2154 West Arthur Avenue
$1,385,009
$61/SF
Building Size
22,568 SF
Asset Type
MultiFamily
Closing
Jun 19, 2025
AI
The property involved in this transaction is a multifamily asset located at 2154 West Arthur Avenue in Chicago. The sale price was $1,385,000 for a well-preserved, 12-unit center-entrance brick walk-up building. The property boasts oversized floorplans and underutilized layouts, highlighting potential for reconfiguration and modernization.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,385,000
- Units: 12
- Price Per Unit (PPU): $115,417
- Buyer: Block Property Group
- Seller: Margret Rodrigues
- Broker: Christian Arai - CRER (Chicago Real Estate Resources)
- Sale Date: 6/20/2025
- Market: Chicago
Christian K. Arai represented both the buyer and seller in this transaction, ensuring a smooth transfer of ownership. The deal reflects the continued interest in vintage Chicago buildings that offer strong potential for repositioning in the evolving real estate market.
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
11.45%
Cash-on-Cash
-3.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93