Updated Jun 11, 2026
Tim Kavanaugh Of Essex Realty Group Represents Buyer In $6,000,000 Chicago Multifamily Sale
1235 West Greenleaf Avenue
$6,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 25, 2026
About this deal
AI
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.
On the Map
$6,000,000
MultiFamily
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Players
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93