Essex Realty Sells 4-Unit Multifamily Property In Lincoln Park, Chicago For $1.69M
SOLD
$1,687,500
Illinois
See Similar DealsMultiFamily
Sold 02/28/2022
SOLD
Essex Realty Sells 4-Unit Multifamily Property In Lincoln Park, Chicago For $1.69M
2509 North Clybourn Avenue, Chicago, Illinois 60614, United States
See Similar DealsMultiFamily
Sold 02/28/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 2509 N. Clybourn Avenue in Lincoln Park, Chicago has been sold for a total price of $1,687,500. This transaction took place on 02/28/2022. The property consists of 4 units, resulting in an average price per unit of $421,875.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,687,500
- Address: 2509 N. Clybourn Avenue, Lincoln Park, Chicago
- Market: Lincoln Park, Chicago
- Buyer's Rep: Jake Fugman and Michael Scanlon - The Axon Group
- Seller's Rep: Abe Eilian - Essex Realty
Leading the transaction, the buyer was represented by Jake Fugman and Michael Scanlon from The Axon Group, while the seller was represented by Abe Eilian from Essex Realty.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,995.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,999.61
Annual Debt Service$95,995.33
Is there something missing? Send suggestions