facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

2152 West Fletcher Street, ...

Updated Dec 18, 2023

Essex Realty Group Sells Roscoe Village Multifamily Property For $1.05M
SOLDMultiFamily

Essex Realty Group Sells Roscoe Village Multifamily Property For $1.05M

2152 West Fletcher Street, Chicago, IL 60618, USA

$1,050,000

$273/SF

Building Size

3,841 SF

Asset Type

MultiFamily

Closing

Jul 27, 2020

About this deal

AI

Essex Realty Group, Inc. has announced the sale of a five-unit multifamily property located at 2152 W. Fletcher Street in Chicago's Roscoe Village neighborhood. The property was marketed for sale by a team including Doug Imber, Kate Varde, Jaimie Steinher, and Dan Shepherd. Within four weeks, an extensive marketing campaign led by Essex resulted in over six property tours and multiple offers. The property was sold approximately six weeks later to a local investor, with a sale price of $1,050,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Address: 2152 W. Fletcher Street
  • Market: Roscoe Village, Chicago

The five-unit property consists of three 2-bed/2-bath apartments, one 1-bed/1-bath garden apartment, and one 1-bed/1-bath coach house. Four of the units have recently been renovated, while the garden apartment features finishes from approximately 15 years ago. Each apartment includes in-unit laundry facilities.

The location of 2152 W. Fletcher Street offers convenient access to multiple CTA bus stops and is only 0.67 miles from the Paulina CTA Brown Line Station. The property is also within close proximity to Roscoe Street, a vibrant commercial corridor filled with popular local restaurants and bars.

Note: Essex Realty Group completed the sale of this Roscoe Village multifamily property within just ten weeks.

Players

Doug Imber

Essex Realty Group

Broker

$241.8M

vol

29 deals

Broker

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $273 per square foot on a published $1.1M for 3,841 square feet (2020).

Visit Dan Shepherd to view all their deals.

Browse Illinois multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets