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Joe Smazal Acquires Multifamily Property From Michael Motew In Chicago For $2.565M

Property Image
SOLD
$2,565,000
Jordan Gottlieb
James (Jim) Darrow
+ 1

Illinois

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MultiFamily7,850 SF
Sold 12/18/2025
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Property Image
SOLD

Joe Smazal Acquires Multifamily Property From Michael Motew In Chicago For $2.565M

2163 North Bell Avenue

See Similar Deals
MultiFamily7,850 SF
Sold 12/18/2025
Jordan Gottlieb
James (Jim) Darrow
+ 1
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$326
Total Square Footage:7,850 SF
Transaction Type:Sale

This multifamily property is located at 2163 North Bell Avenue in the Chicago market. The asset sold for a price of $2,565,000, encompassing a total of 8 units. The square footage of the property is 7,850, resulting in a price per unit of $320,625 and a price per square foot of $326.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,565,000
  • Units: 8
  • Square Footage: 7,850
  • Price Per Unit: $320,625
  • Price Per Square Foot: $326
  • Buyer: Joe Smazal
  • Seller: Michael Motew
  • Brokers: Jim Darrow, Jordan Gottlieb & Brian Keegan - Essex Realty Group

The transaction involved buyer Joe Smazal acquiring the property from seller Michael Motew, with brokerage representation provided by Jim Darrow, Jordan Gottlieb, and Brian Keegan, who are associated with Essex Realty Group. This representation played a crucial role in facilitating the deal.

Players

James (Jim) Darrow
61 deals$283.1M volume(312) 998-2112
BROKER

Jordan Gottlieb
Essex Realty Group
67 deals$364.3M volume
BROKER

Brian Keegan
Essex Realty Group
25 deals$86.9M volume(708) 466-2626
BROKER

Essex Realty Group
BROKERAGE

Joe Smazal
73 deals$596.9M volume
BUYER

Details

SOLD
IMAGE: Jordan Gottlieb, Jim Darrow & Brian Keegan DATE: 12/18/2025 ADDRESS: 2163 North Bell Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER: Joe Smazal SELLER: Michael Motew BROKERS: Jim Darrow, Jordan Gottlieb & Brian Keegan (@Brokerbk_) - Essex Realty Group (@EssexRealtyGroup) SALE PRICE: $2,565,000 UNITS: 8 ~ PPU: $320,625 SF: 7,850 ~ PPSF: $326

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$136,800.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,112.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,159.41
Annual Debt Service$145,912.90