Jim Darrow, Brian Keegan & Jordan Gottlieb Of Essex Realty Group Arrange $11.13M Sale Of Chicago Multifamily
SOLD
$11,090,000
Illinois
See Similar DealsMultiFamily21,109 SF
Sold 09/15/2025
SOLD
Jim Darrow, Brian Keegan & Jordan Gottlieb Of Essex Realty Group Arrange $11.13M Sale Of Chicago Multifamily
2407 West Eastwood Avenue
See Similar DealsMultiFamily21,109 SF
Sold 09/15/2025
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$525
Total Square Footage:21,109 SF
Transaction Type:Sale
This multifamily property, located at 2407 West Eastwood Avenue in the Chicago market, was sold for $11,125,000. The asset includes 41 units, providing a price per unit of $271,341. The total square footage of the property is 21,109, which equates to a price per square foot of $527.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,125,000
- Units: 41
- Price Per Unit: $271,341
- Square Footage: 21,109
- Price Per Square Foot: $527
The transaction involved brokers Jim Darrow, Brian Keegan, and Jordan Gottlieb, all representing Essex Realty Group in this deal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$591,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,400.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,572.26
Annual Debt Service$630,867.09
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