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Jordan Gottlieb And Rick Ofman Of Essex Realty Group Represent Buyer In $21M Mixed-Use Sale In Chicago

Property Image
SOLD
$21,000,000
Matt Feo
Jordan Gottlieb
+ 1

Illinois

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Mixed-use51,838 SF
Sold 03/24/2026
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Property Image
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 Deals
Mixed-use51,838 SF
Sold 03/24/2026
Matt Feo
Jordan Gottlieb
+ 1
Contact now

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.

Players

Jordan Gottlieb
67 deals$364.3M volume
BROKER

Kate Varde
Essex Realty Group
37 deals$298.6M volume
BROKER

Matt Feo
Essex Realty Group
49 deals$245.4M volume
BROKER

Rick Ofman
Essex Realty Group
29 deals$251.4M volume
BROKER

Details

SOLD
IMAGE: Jordan Gottlieb, Kate Varde, Matt Feo & Rick Ofman DATE: 03/24/2026 ADDRESS: 918 West Sunnyside Avenue MARKET: Chicago ASSET TYPE: Mixed-use BUYER'S REP: Jordan Gottlieb & Rick Ofman - Essex Realty Group (@EssexRealtyGroup) SELLER'S REP: Kate Varde & Matt Feo (@Matt_feo_multifamily) - Essex Realty Group SALE PRICE: $21,000,000 UNITS: 59 ~ PPU: $355,932 SF: 51,838 ~ PPSF: $405

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Deal Type
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