Updated Dec 21, 2023
Essex Realty Group Acquires Multifamily Property On North Kedzie Ave, Chicago For $3.24M
1701 North Kedzie Avenue, Chicago, IL 60647
$3,240,000
$1,905/SF
Building Size
1,700 SF
Asset Type
MultiFamily
Closing
Jan 5, 2022
About this deal
AI
A multifamily property located at 1701 N. Kedzie Avenue in Chicago has been sold. The transaction was facilitated by Jordan Multack from Essex Realty Group, Inc. The property consists of 9 units and was sold for a price of $3,240,000, resulting in a price per unit of $360,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,240,000
- Address: 1701 N. Kedzie Avenue, Chicago
- Market: Chicago
Jordan Multack, representing Essex Realty Group, Inc., played a key role in the sale of the multifamily property located at 1701 N. Kedzie Avenue in Chicago.
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
4.90%
Cash-on-Cash
-1.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93