Updated Jun 24, 2025
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
About this deal
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.
On the Map
$1,385,009
$61/SF
MultiFamily
View full map
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Christian K. Arai, CCIM to view all their deals.
Browse Chicago multifamily sales on Traded.
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