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1111 Broadway

Girishkumar Patel Sells North Chicago Multifamily Asset For $1.615M With AJ Commercial Group
SOLDMultiFamily

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

Anthony Munoz

AJ Commercial Group

Broker

$8.6M

vol

3 deals

Broker

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