Jim Darrow, Brian Keegan & Jordan Gottlieb Of Essex Realty Group Arrange $11.13M Sale Of Chicago Multifamily
2407 West Eastwood Avenue
$11,090,000
$525/SF
Building Size
21,109 SF
Asset Type
MultiFamily
Closing
Sep 14, 2025
AI
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
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
1.43%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93