Essex Realty Group Brokers $11 Million Sale Of Mixed-Use Property In Chicago's Lincoln Square
2407 West Eastwood Avenue
$11,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Sep 25, 2025
AI
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
Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93