Updated Oct 7, 2026
Chicago Multifamily Property Sold For $1,250,000 With Brokers George Benitez & Brian Mond
7556 South Eberhart Avenue & 7156 South Rhodes Avenue
$1,250,000
$73/SF
Building Size
17,000 SF
Asset Type
MultiFamily
Closing
Sep 4, 2026
About this deal
AI
The asset involved in the transaction includes two multifamily buildings located at 7556 South Eberhart Avenue and 7156 South Rhodes Avenue in the Chicago market. The total sale price was $1,250,000 for 16 units, resulting in a price per unit of $78,125. The buildings encompass a total square footage of 17,000, yielding a price per square foot of $73.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Units: 16
- Price Per Unit: $78,125
- Square Feet: 17,000
- Price Per Square Foot: $73
- Market: Chicago
- Brokers: George Benitez & Brian Mond - BAUVISTA
The deal was characterized by strong in-place rents and steady collections, providing an immediate income stream. The transaction was sourced, underwritten, and closed by the brokers, indicating ongoing activity in the Chicago multifamily market, particularly for those familiar with the opportunities available.
On the Map
$1,250,000
$73/SF
MultiFamily
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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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93