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.
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