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2509 North Clybourn Avenue,...

Essex Realty Sells 4-Unit Multifamily Property In Lincoln Park, Chicago For $1.69M
SOLDMultiFamily

Essex Realty Sells 4-Unit Multifamily Property In Lincoln Park, Chicago For $1.69M

2509 North Clybourn Avenue, Chicago, Illinois 60614, United States

$1,687,500

Building Size

Asset Type

MultiFamily

Closing

Feb 27, 2022

AI

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

Abe Eilian

Essex Realty Group

Broker

$115.1M

vol

29 deals

Broker

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

9.40%

Cash-on-Cash

-2.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93