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28262 West Diehl Road

Artemis Real Estate Partners Acquires 242 Unit Multifamily Complex In Warrenville For $59M
SOLDMultiFamily

Artemis Real Estate Partners Acquires 242 Unit Multifamily Complex In Warrenville For $59M

28262 West Diehl Road

$59,000,000

Building Size

Asset Type

MultiFamily

Closing

Jul 9, 2025

AI

The property involved in the transaction is a 242-unit multifamily complex located at 28262 Diehl Road in Warrenville, Illinois. The sale price for the asset was $59,000,000, equating to approximately $243,802 per unit. The market for this property is identified as Warrenville.

Summary of transaction details:

Lakeside Capital Advisors sold The Westlyn to Artemis Real Estate Partners with financing facilitated by RPM Living and Hartford Investment Management. CBRE's brokers played a significant role in this transaction, representing the seller during a time when investor interest in suburban Chicago multifamily properties is growing due to strong rent growth observed in DuPage County compared to Cook County.

Players

John Jaeger

CBRE

Broker

$2.1B

vol

29 deals

Broker
CBRE
CBREBrokerage
Deborah Harmon

Deborah Harmon

Artemis Real Estate Partners

Buyer

$994.8M

vol

12 deals

Buyer
Artemis Real Estate Partners
Artemis Real Estate PartnersBuyer
Hartford Investment Management
Hartford Investment ManagementLender

Warrenville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.27%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93