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Eloy Burciaga And John Krumsee Purchase Multifamily Properties For $6.7 Million In Chicago

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SOLD
$6,700,000

Illinois

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MultiFamily
Sold 10/20/2025
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SOLD

Eloy Burciaga And John Krumsee Purchase Multifamily Properties For $6.7 Million In Chicago

4954 North Christiana Avenue & 4321 North Tripp Avenue

See Similar Deals
MultiFamily
Sold 10/20/2025
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involved the sale of two multifamily properties located in Chicago. The first asset is a 24-unit building situated at 4954 North Christiana Avenue, which sold for $4.5 million. The second asset, a 10-unit property at 4321-23 North Tripp Avenue, was sold for $2.2 million. The combined sale price totals $6,700,000 with a price per unit of $197,059, and both properties are fully leased. The marketplace for both assets is Chicago.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,700,000
  • Buyer: Eloy Burciaga & John Krumsee
  • Seller: HP Ventures Group
  • Broker: Craig Martin - Interra Realty
  • Units: 34
  • Location of Properties: 4954 North Christiana Avenue and 4321-23 North Tripp Avenue
  • Market: Chicago
  • Price Per Unit: $197,059

Craig Martin represented both the seller, HP Ventures Group, and the buyers, Eloy Burciaga and John Krumsee in the transaction. The assets attracted significant interest with nearly 60 tours conducted and 15 offers received within a few weeks of being on the market.

Players

Craig Martin
24 deals$222.9M volume
BROKER

Interra Realty
BROKERAGE

Details

SOLD
IMAGE: Craig Martin DATE: 10/20/2025 ADDRESS: 4954 North Christiana Avenue & 4321-23 North Tripp Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER: Eloy Burciaga & John Krumsee SELLER: HP Ventures Group BROKER: Craig Martin - Interra Realty (@InterraRealty) SALE PRICE: $6,700,000 UNITS: 34 ~ PPU: $197,059 NOTE: Interra Realty brokered two Chicago multifamily sales totaling $6.7 million — a 24-unit building at 4954 N. Christiana Ave. in Albany Park for $4.5 million and a 10-unit property at 4321-23 N. Tripp Ave. in Old Irving Park for $2.2 million. Craig Martin represented both the seller, HP Ventures Group, and buyers Eloy Burciaga and John Krumsee, with both fully leased assets drawing nearly 60 tours and 15 offers within weeks.

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

$357,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,803.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,761.42
Annual Debt Service$381,137.02