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Essex Realty Group Brokers $11 Million Sale Of Mixed-Use Property In Chicago's Lincoln Square
SOLD
$11,000,000
Illinois
See Similar DealsMixed-use
Sold 09/25/2025
SOLD
Essex Realty Group Brokers $11 Million Sale Of Mixed-Use Property In Chicago's Lincoln Square
2407 West Eastwood Avenue
See Similar DealsMixed-use
Sold 09/25/2025
Summary
ILLINOIS
Asset Type:Mixed-use
Transaction Type:Sale
2407 West Eastwood Avenue is a 40-unit mixed-use property located in Chicago's Lincoln Square. The asset was constructed in 2017 and features luxury apartments along with ground-floor retail space. The sale price for the property was $11,000,000, with a per unit price of $275,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $11,000,000
- Units: 40
- Price Per Unit: $275,000
- Address: 2407 West Eastwood Avenue
- Market: Chicago
James (Jim) Darrow and Jordan Gottlieb of Essex Realty Group represented the seller in this transaction. The property is conveniently situated near the Brown Line CTA station, enhancing its accessibility and appeal within the market.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
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