Updated Dec 30, 2025
Garrett Leigh Of Essex Three-Twelve Represents Seller In $1.135M Chicago Multifamily Sale
1720 North Ashland Avenue
$1,135,000
Units
2
Asset Type
MultiFamily
Closing
Dec 30, 2025
About this deal
AI
1720 North Ashland Avenue is a two-unit multifamily property situated in Chicago, specifically in the Wicker Park neighborhood. The asset sold for $1,135,000, translating to a price per unit of $567,500, and each duplex offers over 2,400 square feet of living space.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,135,000
- Units: 2
- Price Per Unit: $567,500
- Address: 1720 North Ashland Avenue
- Market: Chicago
Garrett Leigh from Essex Three-Twelve represented the seller in this transaction. The buyer intends to reside in and renovate the building, ensuring the continuation of the property's legacy.
On the Map
$1,135,000
MultiFamily
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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
13.98%
Cash-on-Cash
-3.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93