Updated Dec 4, 2024
Robert Wasserman & Roger Daniel Acquire Multifamily Property On Milwaukee Avenue For $14.2M
830 North Milwaukee Avenue
$14,200,000
Building Size
—
Asset Type
MultiFamily
Closing
May 31, 2024
About this deal
AI
The multifamily property located at 830 North Milwaukee Avenue in Chicago was recently sold for $14,200,000. The transaction included 47 luxury apartments and two street level retail tenants.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,200,000
- Buyer: Roger Daniel & Robert Wasserman - DMG Capital
- Buyer's Representative: Craig Martin - Interra Realty
- Seller's Representative: Joe Smazal - Interra Realty
The deal was facilitated by Craig Martin from Interra Realty, representing the buyers, Roger Daniel and Robert Wasserman of DMG Capital. Joe Smazal, also from Interra Realty, acted as the seller's representative in this transaction.
On the Map
$14,200,000
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
1.12%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93