Girishkumar Patel Sells North Chicago Multifamily Asset For $1.615M With AJ Commercial Group
1111 Broadway
$1,615,000
$93/SF
Building Size
17,253 SF
Asset Type
MultiFamily
Closing
Apr 6, 2026
AI
The transaction involved a multifamily property located at 1111 Broadway in North Chicago. The asset was sold for $1,615,000, consisting of 18 units with a price per unit of $89,722. The total square footage of the property is 17,253, which gives a price per square foot of $93.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,615,000
- Units: 18
- Price Per Unit: $89,722
- Square Footage: 17,253
- Price Per Square Foot: $93
- Seller: Girishkumar Patel
- Buyer's Representative: Arthur Barkan - KOMAR
- Seller's Representatives: Anthony Munoz & Joseph Batliner - AJ Commercial Group
Girishkumar Patel was the seller in this transaction, while the buyer was represented by Arthur Barkan from KOMAR. The seller was represented by a team from AJ Commercial Group, consisting of Anthony Munoz and Joseph Batliner, ensuring a structured deal process for both parties.
Players
North Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.82%
Cash-on-Cash
-2.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93