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

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SOLD
$10,500,000
Mark Dykstra
Joe Smazal

Illinois

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MultiFamily
Sold 03/25/2026
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Property Image
SOLD

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

2504 North Willetts Court

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MultiFamily
Sold 03/25/2026
Mark Dykstra
Joe Smazal
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

Joe Smazal
Interra Realty
Joe Smazal
73 deals$596.9M volume
BROKER
Mark Dykstra
Interra Realty
Mark Dykstra
11 deals$102M volume
BROKER
BC
Breneman Capital
BUYER

Details

SOLD
IMAGE: Joe Smazal & Mark Dykstra DATE: 03/25/2026 ADDRESS: 2504-16 North Willetts Court MARKET: Chicago ASSET TYPE: Multifamily BUYER: Breneman Capital BROKERS: Joe Smazal (@JSmazal) & Mark Dykstra (@Mark_Dykstra24) - Interra Realty (@InterraRealty) SALE PRICE: $10,500,000 UNITS: 24 ~ PPU: $437,500 NOTE: Breneman Capital acquired Logan Station, a 24-unit multifamily building at 2504–16 N. Willetts Court in Chicago’s Logan Square neighborhood, for $10.5 million ($437,500 per unit), brokered by Interra Realty.The fully occupied property, built in 2007 with larger-than-average units, will undergo a light value-add program to update interiors while maintaining strong tenant engagement.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$559,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28