Updated Oct 1, 2026
William Huffman Of Nuveen Acquires Multifamily Property From David Strosberg For $91M In Elmhurst
255 North Addison Avenue
$91,000,000
Units
192
Asset Type
MultiFamily
Closing
Sep 30, 2026
About this deal
AI
The multifamily asset involved in this transaction is an apartment complex located at 255 North Addison Avenue in Elmhurst, IL. The property has a total of 192 units, consisting of studio to three-bedroom apartments, and was constructed in 2016. The sale price for the property was $91,000,000, which equates to a price per unit of $473,958.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $91,000,000
- Buyer: William Huffman
- Buyer Company: Nuveen
- Seller: David Strosberg
- Seller Company: Morningside
- Broker: JLL
- Units: 192
- Price Per Unit: $473,958
- Mortgage Amount: $59,300,000
William Huffman represented Nuveen in the acquisition of the property from David Strosberg, who represented Morningside. This transaction underscores the involvement of established companies in the multifamily real estate market in Elmhurst.
On the Map
$91,000,000
MultiFamily
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Players
Elmhurst 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93