Updated Dec 21, 2023
Jordan Multack - Essex Realty Acquires 6-Unit Multifamily Property For $2.15M In Logan Square, Chicago
1846 North California Avenue, Chicago, IL 60647
$2,150,000
Units
6
Asset Type
MultiFamily
Closing
Dec 28, 2021
About this deal
AI
The multifamily property located at 1846 N. California Ave in Logan Square, Chicago was recently sold in a closed transaction. The sale was facilitated by Jordan Multack of Essex Realty. The property consists of 6 units and was sold for a total price of $2,150,000, resulting in a price per unit of $358,333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Address: 1846 N. California Ave
- Market: Logan Square, Chicago
Jordan Multack of Essex Realty played a key role in representing the buyer and seller in this transaction.
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93