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Marco Cesario Of Jameson Co...

Marco Cesario Of Jameson Commercial Represents Buyer In $17.3M Multifamily Sale In Chicago
SOLDMultiFamily

Marco Cesario Of Jameson Commercial Represents Buyer In $17.3M Multifamily Sale In Chicago

$17,300,000

$320/SF

Building Size

54,000 SF

Asset Type

MultiFamily

Closing

May 19, 2026

AI

This is a 50-unit mixed-use property located in Chicago's Near West Side, featuring condo-quality finishes, heated garage parking, and spacious unit layouts. The sale price was $17,300,000, with a price per unit of $346,000. The total square footage is 54,000, leading to a price per square foot of $320.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $17,300,000
  • Units: 50
  • Price per Unit: $346,000
  • Square Footage: 54,000
  • Price per Square Foot: $320
  • Buyer's Representative: Marco Cesario - Jameson Commercial

Marco Cesario of Jameson Commercial represented the buyer in this transaction. The property is strategically located in an area with continued momentum, well-positioned for meaningful long-term growth, which the buyer recognized as an exciting investment opportunity. Note: The image provided is for illustrative purposes only and does not depict the actual building.

Players

Marco Cesario

Jameson Commercial

Broker

$19.8M

vol

4 deals

Broker

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

0.92%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93