Breneman Capital Acquires 24-Unit Multifamily Building In Chicago For $10.5 Million

Breneman Capital has acquired a multifamily property located at 2504-16 North Willetts Court, Chicago, for a total price of $10,500,000. The property consists of 24 units, translating to a price per unit of $437,500. Built in 2007, the building features larger-than-average units and is fully occupied. Breneman Capital plans to implement a light value-add program to upgrade the interiors while ensuring strong tenant engagement.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,500,000
• Units: 24
• Price Per Unit: $437,500
• Buyer: Breneman Capital
• Address: 2504-16 North Willetts Court, Chicago
• Market: Chicago
• Brokers: Joe Smazal & Mark Dykstra - Interra Realty

Joe Smazal and Mark Dykstra of Interra Realty represented Breneman Capital in this transaction, facilitating the acquisition of Logan Station in Chicago's Logan Square neighborhood.