Updated Aug 19, 2026
Wade Madden Of Olympus Property Acquires Multifamily Asset From Phil Domenico For $53 Million
250 Plaza Circle
$53,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 18, 2026
About this deal
AI
The multifamily property involved in this transaction is located at 250 Plaza Circle, Mundelein, IL. Olympus Property, based in Fort Worth, has acquired the asset for $53,000,000. The transaction is part of a significant increase in suburban Chicago multifamily sales, with a recorded surge of 67% year over year in Q2 2026.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $53,000,000
- Buyer: Wade Madden - Olympus Property
- Seller: Phil Domenico - Synergy Construction Group
Wade Madden represents Olympus Property in this deal, while Phil Domenico represents Synergy Construction Group. This acquisition allows Olympus to expand its portfolio within Illinois, reflecting a strategic move within the current real estate market.
On the Map
$53,000,000
MultiFamily
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Players
Plaza 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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93