Ruben Diaz Purchases Multifamily Property From Dave Rodriguez For $1.6M In Chicago
6607 South Greenwood Avenue & 6609 South Greenwood Avenue
$1,600,000
$133/SF
Building Size
12,000 SF
Asset Type
MultiFamily
Closing
Nov 3, 2025
AI
The property asset involved in the transaction is a multifamily building located at 6607 South Greenwood Avenue & 6609 South Greenwood Avenue in the Chicago market. The sale price was $1,600,000, and the property consists of 12 units, providing a price per unit of $133,333. The total square footage of the property is 12,000, leading to a price per square foot of $133.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,600,000
- Units: 12
- Price Per Unit: $133,333
- Square Footage: 12,000
- Price Per Square Foot: $133
- Buyer: Ruben Diaz
- Seller: Dave Rodriguez
- Brokers: Robert Berman & Jeremy DeMarco - Nara Realty Advisors
The key individuals involved in the deal include Ruben Diaz as the buyer and Dave Rodriguez as the seller. The transaction was facilitated by brokers Robert Berman and Jeremy DeMarco, who represent the multi-family aspect of the deal through their agency, Nara Realty Advisors.
Players
Chicago 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93