Updated Oct 28, 2026
California Investor Acquires 12-Unit Multifamily Building At 1706 West Farwell Avenue In Chicago
1706 West Farwell Avenue
Units
12
Asset Type
MultiFamily
Closing
Oct 26, 2026
About this deal
AI
A 12-unit multifamily building located at 1706 West Farwell Avenue in Chicago's Rogers Park neighborhood has been sold. The property, which underwent renovations in 2013, consists of eight two-bedroom apartments and four three-bedroom duplexes. It offers convenient access to public transit, Loyola University Chicago, and nearby retail corridors.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 12
- Address: 1706 West Farwell Avenue
- Market: Chicago, IL
The sale was brokered by Doug Imber, Kate Varde, Rick Ofman, and James Darrow from Essex Realty Group, representing the California-based 1031 exchange investor who acquired the property.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93