Jordan Gottlieb And Rick Ofman Of Essex Realty Group Represent Buyer In $21M Mixed-Use Sale In Chicago
SOLD
Illinois
See Similar DealsMixed-use51,838 SF
Sold 03/24/2026
SOLD
Jordan Gottlieb And Rick Ofman Of Essex Realty Group Represent Buyer In $21M Mixed-Use Sale In Chicago
918 West Sunnyside Avenue
See Similar DealsMixed-use51,838 SF
Sold 03/24/2026
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$405
Total Square Footage:51,838 SF
Transaction Type:Sale
The transaction involved a mixed-use property located at 918 West Sunnyside Avenue in the Chicago market, which sold for $21,000,000. The asset comprises 59 units and has a total square footage of 51,838, resulting in a price per unit of $355,932 and a price per square foot of $405.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $21,000,000
- Units: 59
- Price Per Unit: $355,932
- Square Footage: 51,838
- Price Per Square Foot: $405
- Buyer's Representative: Jordan Gottlieb & Rick Ofman - Essex Realty Group
- Seller's Representative: Kate Varde & Matt Feo - Essex Realty Group
The deal was facilitated by representatives from Essex Realty Group, with Jordan Gottlieb and Rick Ofman representing the buyer while Kate Varde and Matt Feo represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,120,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$74,608.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$99,550.71
Annual Debt Service$1,194,608.56
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