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
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.
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
12.84%
Cash-on-Cash
-3.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93