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1226 West 31st Place

Updated Aug 10, 2026

Rishi Bajaj Of West Loop Capital Partners Sells Chicago Multifamily For $1.235M With Andrew Dorazio As Buyer's Rep
SOLDMultiFamily

Rishi Bajaj Of West Loop Capital Partners Sells Chicago Multifamily For $1.235M With Andrew Dorazio As Buyer's Rep

1226 West 31st Place

$1,235,000

$371/SF

Building Size

3,325 SF

Asset Type

MultiFamily

Closing

Jun 26, 2026

About this deal

AI

The property involved in the transaction is a multifamily asset located at 1226 West 31st Place in Chicago. The sale price was recorded at $1,235,000. The building comprises 6 units, covering a total area of 3,325 square feet, resulting in a price per unit of $205,833 and a price per square foot of $371.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,235,000
  • Units: 6
  • Square Footage: 3,325 SF
  • Price Per Unit: $205,833
  • Price Per Square Foot: $371
  • Seller: Rishi Bajaj - West Loop Capital Partners
  • Buyer's Representative: Andrew Dorazio - Dorazio Real Estate
  • Date of Transaction: 06/26/2026
  • Market: Chicago

Rishi Bajaj represented West Loop Capital Partners in the sale of the multifamily property. Andrew Dorazio acted as the buyer's representative through Dorazio Real Estate, facilitating the transaction for the buyer.

On the Map

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$1,235,000

$371/SF

MultiFamily

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Players

Andrew Dorazio

Dorazio Real Estate

Broker

$8.6M

vol

6 deals

Broker
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Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $371 per square foot on a published $1.2M for 3,325 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.84%

Cash-on-Cash

-3.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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