Updated May 8, 2026
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
About this deal
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.
On the Map
$1,950,000
$590/SF
MultiFamily
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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