Updated Sep 23, 2026
Jason Vondrachek Of Quest Realty Group Sells Multifamily Asset In Chicago For $16.5M
825 East 61st Street
$16,500,000
Units
60
Asset Type
MultiFamily
Closing
Sep 11, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 825 East 61st Street in Chicago. The sale price for the property was $16,500,000, encompassing a total of 60 units with a price per unit of $275,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $16,500,000
- Address: 825 East 61st Street
- Market: Chicago
- Units: 60
- Price Per Unit: $275,000
- Seller: Jason Vondrachek - Quest Realty Group
- Seller's Representative: Steven Livaditis - Essex Realty Group
- Buyer's Representatives: Jordan Gottlieb, Rick Ofman - Essex Realty Group
The sale was facilitated by Steven Livaditis representing the seller, while Jordan Gottlieb and Rick Ofman acted as the representatives for the buyer in the transaction.
On the Map
$16,500,000
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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93