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1948 North Lincoln Avenue

Multifamily Property At 1948 North Lincoln Avenue Sold For $1,605,000 With Essex Realty Group
SOLDMultiFamily

Multifamily Property At 1948 North Lincoln Avenue Sold For $1,605,000 With Essex Realty Group

1948 North Lincoln Avenue

$1,605,000

Building Size

Asset Type

MultiFamily

Closing

May 12, 2026

AI

The transaction involved a multifamily asset located at 1948 North Lincoln Avenue in the Chicago market. The sale price for the property was $1,605,000.

Summary of transaction details:

This deal highlights the collaboration of Essex Realty Group, with Rick Ofman representing the buyer, while the sellers were represented by a team consisting of Jim Darrow, Jordan Gottlieb, and Brian Keegan, all from the same agency.

Players

James Darrow

Essex Realty Group

Broker

$283.1M

vol

61 deals

Broker

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

9.88%

Cash-on-Cash

-2.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93