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1238 North Maplewood Avenue...

Abe Eilian's Essex Realty Group Sells Multifamily Property In Humboldt Park For $1.075M
SOLDMultiFamily

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

Abe Eilian

Essex Realty Group

Broker

$115.1M

vol

29 deals

Broker

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

14.76%

Cash-on-Cash

-4.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93