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
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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