Updated Sep 10, 2026
Dan Blatteis Of Blatteis & Schnur Acquires Multifamily Property In Chicago For $19.2M
153 West Ohio Street
$19,200,000
Units
35
Asset Type
MultiFamily
Closing
Sep 9, 2026
About this deal
AI
A multifamily property located at 153-157 West Ohio Street in Chicago, IL was sold for $19,200,000. The asset, known as Paper Box Lofts, consists of 35 units with a price per unit of $548,571. Originally a paper and box factory built in 1906, it underwent a conversion into luxury apartments in 2024.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $19,200,000
- Units: 35
- Price Per Unit: $548,571
- Buyer: Dan Blatteis - Blatteis & Schnur, Inc.
- Seller: Bill Senne - Senco Properties, Inc.
- Brokers: Joe Smazal & Mark Dykstra - Interra Realty
The transaction was facilitated by Interra Realty, with Joe Smazal and Mark Dykstra representing both the buyer, an affiliate of Los Angeles-based Blatteis & Schnur, and the seller, an affiliate of Senco Properties.
On the Map
$19,200,000
MultiFamily
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Players
Circleville 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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93