Updated Oct 29, 2026
JRK Property Holdings Acquires 196-Unit Multifamily Property In Chicago For $67.3M
1250 North Lasalle Drive
$67,300,000
Units
196
Asset Type
MultiFamily
Closing
Oct 28, 2026
About this deal
AI
A 196-unit apartment building located at 1250 North LaSalle Drive in Chicago’s Gold Coast was sold for $67.3 million, equivalent to $343,367 per unit. The multifamily asset spans 18 stories and previously underwent $4.5 million in renovations since its acquisition by the sellers for $60 million in 2019.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $67,300,000
- Buyer: JRK Property Holdings
- Seller: Yitzy Klor - Strategic Properties of North America; Shemara Wikramanayake - Macquarie Group
- Broker: Newmark
- Units: 196
- Price Per Unit: $343,367
The transaction featured JRK Property Holdings as the buyer, acquiring the asset from a joint venture of Strategic Properties of North America and Macquarie Group, represented by Yitzy Klor and Shemara Wikramanayake, respectively. The sale was facilitated by Newmark, which brokered the deal.
On the Map
$67,300,000
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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93