Updated Oct 10, 2026
Michael Horwitz Of Cross Street Real Estate Represents Buyer In $1.48M Multifamily Sale In Chicago
2327 West Mclean Avenue
$1,482,500
Units
5
Asset Type
MultiFamily
Closing
Sep 5, 2024
About this deal
AI
The 5-unit multifamily building at 2327 West Mclean Avenue, Chicago, is on the market for a sale price of $1,482,500. The property includes a highly upgraded owner's unit featuring a private elevator and high-end finishes, along with a rooftop hot tub. There are four additional rental units within the asset.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,482,500
- Units: 5
- Price Per Unit: $296,500
- Buyer's Representative: Michael Horwitz - Cross Street Real Estate
- Seller's Representative: Kevin Bigoness - Dream Town Real Estate
Michael Horwitz from Cross Street Real Estate represented the buyer, while Kevin Bigoness from Dream Town Real Estate represented the seller in this transaction. The multifamily asset is located in the Chicago market, highlighting the active real estate environment in the area.
On the Map
$1,482,500
MultiFamily
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Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.70%
Cash-on-Cash
-3.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93