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4513 North Clark Street

Stan & Gene Bernshteyn Sell Harmony Apartments In Chicago For $21.4 Million With Essex Realty Group
SOLDMixed-use

Stan & Gene Bernshteyn Sell Harmony Apartments In Chicago For $21.4 Million With Essex Realty Group

4513 North Clark Street

$21,100,000

$492/SF

Building Size

42,886 SF

Asset Type

Mixed-use

Closing

Jan 7, 2026

AI

The property involved in the transaction is a mixed-use asset located at 4511-4513 North Clark Street, known as Harmony Apartments. The sale price for the property was $21,400,000, comprising a total of 56 units. The total square footage of the asset is 42,886, resulting in a per-unit price of $382,143 and a price per square foot of $499. The market for this property is identified as Chicago.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $21,400,000
  • Address: 4511-4513 North Clark Street
  • Units: 56
  • Square Footage: 42,886
  • Price Per Unit: $382,143
  • Price Per Square Foot: $499
  • Seller: Stan & Gene Bernshteyn
  • Seller's Representative: Jordan Gottlieb & Rick Ofman - Essex Realty Group
  • Market: Chicago

Representing the sellers in this transaction are Jordan Gottlieb and Rick Ofman from Essex Realty Group, acting on behalf of Stan and Gene Bernshteyn in the sale of the property. The negotiation and documentation of the sale were handled by these representatives, ensuring a successful transaction for the sellers.

Players

Jordan Gottlieb

Essex Realty Group

Broker

$364.3M

vol

67 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

0.75%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93