Updated Dec 21, 2023
Essex Realty Group Acquires Chicago And Niles Multifamily For $2.32M
1639 West Huron Street, Chicago, IL, USA
$2,320,000
$1,041/SF
Building Size
2,227 SF
Asset Type
MultiFamily
Closing
Nov 12, 2020
About this deal
AI
The multifamily property located at 1637 & 1639 West Huron Street and 9448 Washington Street has been sold in a transaction in the Chicago and Niles market. The sale was facilitated by brokers Jordan Gottlieb, Jordan Multack, and Jim Darrow from Essex Realty Group, Inc, on November 13, 2020. The property was sold for a total price of $2,320,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,320,000
- Location: 1637 & 1639 West Huron Street and 9448 Washington Street
- Market: Chicago & Niles
The brokers, Jordan Gottlieb, Jordan Multack, and Jim Darrow, from Essex Realty Group, Inc, played an integral role in facilitating this transaction. Their expertise and experience in the real estate market contributed to the successful sale of the multifamily property.
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
6.84%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93