Multifamily Property At 2038 West Touhy Avenue Sold For $6 Million In Chicago
SOLD
$6,000,000
+ 2
Illinois
See Similar DealsMultiFamily19,469 SF
Sold
SOLD
Multifamily Property At 2038 West Touhy Avenue Sold For $6 Million In Chicago
2038 West Touhy Avenue
See Similar DealsMultiFamily19,469 SF
Sold
+ 2
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$308
Total Square Footage:19469 SF
Transaction Type:Sale
The multifamily asset located at 2038 West Touhy Avenue in Chicago was sold for $6,000,000. This property comprises 33 units and spans a total of 19,469 square feet, equating to a price per unit of $181,818 and a price per square foot of $308.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Units: 33
- Square Footage: 19,469
- Price Per Unit: $181,818
- Price Per Square Foot: $308
The transaction involved brokers Jordan Gottlieb, Jim Darrow, Matt Feo, Brian Keegan, and Abe Eilian, all representing Essex Realty Group. Their collective expertise facilitated the sale within the competitive Chicago market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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