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1362 North Bosworth Avenue,...

Essex Realty Group Acquires Multifamily Property In Wicker Park, Chicago For $2.1M
SOLDMultiFamily

Essex Realty Group Acquires Multifamily Property In Wicker Park, Chicago For $2.1M

1362 North Bosworth Avenue, Chicago, Illinois 60642, United States

$2,100,000

$165/SF

Building Size

12,700 SF

Asset Type

MultiFamily

Closing

Oct 2, 2022

AI

A multifamily property located at 1362 N Bosworth Avenue in Wicker Park, Chicago has been sold for a total price of $2,100,000. The property consists of 17 units, with a per unit price of $123,529. The total square footage of the property is 12,700, with a price per square foot of $165.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,100,000
  • Address: 1362 N Bosworth Avenue, Wicker Park, Chicago
  • Market: Wicker Park, Chicago
  • Units: 17
  • Price Per Unit: $123,529
  • Square Footage: 12,700
  • Price Per Square Foot: $165

The sale of this property was facilitated by Jordan Gottlieb and Abe Eilian from Essex Realty Group, Inc. Congratulations to them on this successful transaction. Essex Realty Group, Inc. represented both the buyer and the seller. If you have any questions about this sale or other opportunities in the area, please reach out to Essex Realty Group, Inc.

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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93