Abe Eilian's Essex Realty Group Sells Multifamily Property In Humboldt Park For $1.075M
1238 North Maplewood Avenue, Chicago, Illinois 60622, United States
$1,075,000
$188/SF
Building Size
5,700 SF
Asset Type
MultiFamily
Closing
Sep 7, 2022
AI
The property involved in this transaction is a multifamily asset located at 1238 N Maplewood Ave in Humboldt Park, Chicago. The property consists of 5 spacious units and has been owned and meticulously maintained for several decades. The sale of this property was facilitated by Abe Eilian of Essex Realty Group, Inc. The property was listed and went under contract in just 30 days.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,075,000
- Units: 5
- Price per Unit: $215,000
- Square Footage: 5,700
- Price per Square Foot: $189
- Market: Humboldt Park, Chicago
Congratulations to Abe Eilian of Essex Realty Group, Inc. on successfully completing this sale. For any inquiries regarding this transaction, please contact @EssexRealtyGroupInc. Congratulations to all parties involved!
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.76%
Cash-on-Cash
-4.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93