Updated Dec 18, 2023
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
Chicago MultiFamily Market Snapshot
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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