Tim Kavanaugh Of Essex Realty Group Represents Buyer In $6,000,000 Chicago Multifamily Sale
SOLD
$6,000,000
Illinois
See Similar DealsMultiFamily
Sold 05/26/2026
SOLD
Tim Kavanaugh Of Essex Realty Group Represents Buyer In $6,000,000 Chicago Multifamily Sale
1235 West Greenleaf Avenue
See Similar DealsMultiFamily
Sold 05/26/2026
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
The property asset involved in the transaction is a multifamily asset located at 1235 West Greenleaf Avenue, in the Chicago market. The sale price for this property was $6,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Buyer’s Representative: Tim Kavanaugh - Essex Realty Group
- Seller’s Representatives: Doug Imber, Kate Varde & Rick Ofman - Essex Realty Group
Tim Kavanaugh represented the buyer in this transaction, while the seller was represented by Doug Imber, Kate Varde, and Rick Ofman, all of whom are part of Essex Realty Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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