SVN Chicago Closes 100-Unit MF Portfolio Sale in DeKalb

SVN Chicago Closes 100-Unit MF Portfolio Sale in DeKalb
News| July 24, 2025| Jasmine Kilman
Chicago & Midwest + Apartment Buildings

SVN Chicago Commercial has brokered the sale of a 100-unit multifamily portfolio in DeKalb, Illinois.

The portfolio, comprised of seven buildings across multiple addresses, was sold for $5.7 million. The assets include 875 & 887 Fotis Drive, 945 & 871 Regent Drive, 846 & 857 Spiros Court. It also included a property at 830 Edgebrook Drive along with an adjacent parking lot. SVN Chicago Commercial represented both sides in the transaction.

“We were able to achieve one of the fastest list-to-close transactions in DeKalb this year — in under seven weeks,” said Szymanowski, an Investment Advisor with SVN Chicago Commercial.. “We found the right buyer quickly due to our expansive network and long-standing industry relationships.” Positioned for a value-add strategy, the portfolio offers strong upside potential for the new owner in a market that continues to attract interest from both private and institutional investors.

Other News

One Beverly Hills Reaches Milestones Ahead of Schedule

California & West + Apartment Buildings

The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...

Learn more

Metro Loft, David Werner Secure $231M Loan for Midtown East Residential Conversion

New York & Tri-State + Apartment Buildings

Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...

Learn more

Rental Affordability Declines in Most Metros, but Improved Housing Quality is a Factor

Apartment Buildings

Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up