Brian Dohmen Of Altitude Capital Partners And Shanna Khan Of Shanna Collective Acquire Multifamily Asset For $10M

The property involved in this transaction is a multifamily asset located at 1447 North Dearborn Parkway in Chicago, IL. The sale price was $10,000,000, with the asset comprising 27 units across 45,918 square feet, equating to a price per unit of $370,370 and a price per square foot of $218.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,000,000
• Units: 27
• Square Footage: 45,918
• Price Per Unit: $370,370
• Price Per Square Foot: $218

The deal was made between buyers Brian Dohmen from Altitude Capital Partners and Shanna Khan from Shanna Collective. The transaction was facilitated by broker Max Grossman from Interra Realty. The historic Dearborn building, originally built as a hotel, has been largely vacant since the 1990s and is targeted for redevelopment into luxury condominium units by the new owners.