Updated Mar 11, 2026
Multifamily Property At 2038 West Touhy Avenue Sold For $6 Million In Chicago
2038 West Touhy Avenue
$6,000,000
$308/SF
Building Size
19,469 SF
Asset Type
MultiFamily
Closing
Feb 23, 2026
About this deal
AI
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.
On the Map
$6,000,000
$308/SF
MultiFamily
View full map
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Brian Keegan to view all their deals.
Browse Chicago multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93