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2407 West Eastwood Avenue

Essex Realty Group Brokers $11 Million Sale Of Mixed-Use Property In Chicago's Lincoln Square
SOLDMixed-use

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

James Darrow

Essex Realty Group

Broker

$283.1M

vol

61 deals

Broker
Essex Realty Group
Essex Realty GroupBrokerage

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