Stephen Kuhn Acquires Multifamily Building At 1812 W Cortland St For $1.95M With Noah Clark And Giancarlo Iannotta As Representatives
1812 West Cortland Street
$1,950,000
$590/SF
Building Size
3,300 SF
Asset Type
MultiFamily
Closing
Apr 23, 2026
AI
The property involved in this transaction is a multifamily asset located at 1812 West Cortland Street in Chicago. It features six renovated units within a greystone building that spans 3,300 square feet. The property was sold off-market for $1,950,000, resulting in a price per unit of $325,000 and a price per square foot of $590.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,950,000
- Units: 6
- Square Footage: 3,300
- Price per Unit: $325,000
- Price per Square Foot: $590
- Buyer: Stephen Kuhn
- Seller: Ken & Michael Motew
- Buyer's Representative: Noah Clark - Kiser Group
- Seller's Representative: Giancarlo Iannotta - Mo2 Properties
The transaction involves Stephen Kuhn as the buyer and Ken & Michael Motew as the sellers. Noah Clark from Kiser Group acted as the buyer's representative, while Giancarlo Iannotta from Mo2 Properties represented the sellers in the deal.
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93