Hindsight Capital Acquires 10-Unit Multifamily In Chicago For $1.2M

Located at 3062 N Davlin Ct in Chicago, this multifamily property was recently sold for a price of $1,200,000. The building consists of 10 units with a cost per unit of $120,000. Spanning 8,000 square feet, the property has a price per square foot of $150. The buyers, Hindsight Capital, acquired this asset from the sellers, Ana Martinez & Family. The transaction was facilitated by Richard Smith Soto of Kale Realty.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,200,000
• Units: 10
• Price per Unit: $120,000
• Square Footage: 8,000
• Price per Square Foot: $150
• Buyer: Hindsight Capital
• Seller: Ana Martinez & Family
• Broker: Richard Smith Soto - Kale Realty

3062 N Davlin is a three-tiered, 10-unit building located roughly 20 minutes outside of Downtown Chicago. The units in the building consist of 2 and 3 bedrooms. The property was previously owned by a family who purchased it in the 90’s and subsequently benefited from the neighborhood's appreciation over the last couple of decades. The buyers, Hindsight Capital, are a local group specializing in acquiring value-add multifamily properties on the northwest side of Chicago. They plan to conduct gut rehabbing on the building and deliver condo-quality apartments in gentrifying neighborhoods.