Updated Oct 5, 2026
David Pezzola Of Icarus Investment Group Acquires Multifamily Portfolio In Chicago For $5.236M
6321 South California Avenue, 6331 South California Avenue, 6355 South California Avenue, 6357 South California Avenue & 6400 South Fairfield Avenue
$5,236,000
Units
68
Asset Type
MultiFamily
Closing
Oct 1, 2026
About this deal
AI
A multifamily portfolio consisting of 68 units across three buildings has been transacted in Chicago’s Chicago Lawn neighborhood. The properties, located at 6321–31 South California Avenue, 6355–57 South California Avenue, and 6400 South Fairfield Avenue, executed a sale price of $5,236,000. The price per unit was recorded at $77,000, marking a significant transaction in the multifamily asset market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,236,000
- Units: 68
- Price Per Unit: $77,000
- Buyer: David Pezzola - Icarus Investment Group
- Brokers: Jesus Garcia & Joseph Kahlhammer - Essex Realty Group
- Market: Chicago, IL
- Sale Date: September 28, 2026
The transaction was facilitated by Essex Realty Group, with Jesus Garcia and Joseph Kahlhammer representing the seller. David Pezzola, acting on behalf of Icarus Investment Group, acquired the properties, indicating a strategic move within the multifamily market sector.
On the Map
$5,236,000
MultiFamily
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Players
Bakersfield MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.03%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93