Updated Oct 12, 2026
Iconiq Capital Acquires Multifamily Property In Chicago For $190M
808 S Michigan Ave, Chicago, IL 60605, Estados Unidos
$190,000,000
$267,605/SF
Building Size
710 SF
Asset Type
MultiFamily
Closing
Oct 6, 2020
About this deal
AI
The multifamily property located at 808 South Michigan Avenue in Chicago has been sold in a closed transaction. The property spans a total area of 479 square feet with a price per square foot of $396,660. The sale price for the property was $190,000,000. The buyer of the property was Iconiq Capital represented by Divesh Makan. On the other hand, Oxford Capital and Quadrum Global acted as the sellers in this transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $190,000,000
- Address: 808 South Michigan Avenue, Chicago
- Market: Chicago
- Buyer: Iconiq Capital – Divesh Makan
- Seller: Oxford Capital & Quadrum Global
The involvement of Divesh Makan from Iconiq Capital as the representative in this deal further highlights the importance of this transaction in the real estate market.
On the Map
$190,000,000
$267,605/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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93