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:
- Property Type: Multifamily
- Transaction Amount: $59,000,000
- Units: 242
- Price Per Unit: $243,802
- Buyer: Deborah Harmon & Alex Gilbert - Artemis Real Estate Partners
- Seller: Lakeside Capital Advisors
- Brokers: John Jaeger, Justin Puppi, Jason Zyck, Danny Zebowski & Pete Marino - CBRE
- Lender: RPM Living & Hartford Investment Management
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
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