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The Sr8 Portfolio

Eagle Infinite Investments Acquires 200-Unit Multifamily Portfolio In Kenwood, Chicago For $28.5M

The Sr8 Portfolio

233,380 SF
clock iconSold 1 year ago
Ted Stratman
Lucas Fryman
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233,380 sqft

The SR8 Portfolio, a 200-unit multifamily portfolio located in Kenwood, Chicago, IL, has been sold by ShainRealty Capital. The sale price for this property was $28,500,000, with a price per unit of $142,500. The total square footage of the portfolio is 233,380, resulting in a price per square foot of $122. The portfolio includes properties situated at 5219 S Calumet Ave, 4208, 4213 & 4220 S Michigan, 4716 S MLK, 4611 S Drexel, 4119 S Ellis, and 5001 S Drexel.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $28,500,000
  • Units: 200
  • Price Per Unit: $142,500
  • Square Footage: 233,380
  • Price Per Square Foot: $122
  • Market: Kenwood, Chicago

The buyer for this transaction was Eagle Infinite Investments, and the seller was ShainRealty Capital, represented by Jonathan Shainberg and Elliot Shainberg. The brokers involved in the sale were Ted Stratman and Lucas Fryman from Interra Realty.

ShainRealty Capital shared a note stating their satisfaction with the successful execution of their value-add business plan for the SR8 Portfolio. They were able to significantly increase rents and net operating income within 24 months. Despite the challenging market conditions, they were able to generate a significant return for their equity partners and passive investors. For more information about this deal or potential future investment opportunities, interested parties can reach out to Jonathan Shainberg and Elliot Shainberg.


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Ted Stratman's profile picture
Ted Stratman
Interra Realty-image
Managing Partner
$188.4M Sold
Lucas Fryman's profile picture


Deal Summary
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IMAGE: Ted Stratman, Jonathan Shainberg, Elliot Shainberg & Lucas Fryman DATE: 03/03/2023 ADDRESS: 5219 S Calumet Ave, 4208, 4213 & 4220 S Michigan, 4716 S MLK, 4611 S Drexel, 4119 S Ellis & 5001 S Drexel - The Sr8 Portfolio MARKET: Kenwood, Chicago ASSET TYPE: Multifamily BUYER: Eagle Infinite Investments SELLER: ShainRealty Capital (@ShainRealty) - Jonathan Shainberg (@J.Shain) & Elliot Shainberg BROKERS: Ted Stratman (@TStratman) & Lucas Fryman (@LFrydaddy) - Interra Realty (@InterraRealty) SALE PRICE: $28,500,000 UNITS: 200 ~ PPU: $142,500 SF: 233,380 ~ PPSF: $122 NOTE FROM SELLER: ShainRealty Capital is pleased to announce the sale of the SR8 Portfolio, a 200-unit multifamily portfolio situated in the sub-market of Kenwood, Chicago, IL. We were able to successfully execute our value-add business plan and drastically increase our rents & NOI in less than 24 months. In spite of the challenging market today, we were able to capture a significant return for our equity partners & passive investors. If you are interested in learning more about this deal story or have interest in participating in our next real estate investment opportunity, please don’t hesitate to reach out to our founding partners Jonathan Shainberg & Elliot Shainberg.

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