Essex Three-Twelve LLC Sells Multifamily Property At 2525 North Orchard Street For $2.9M
2525 North Orchard Street
$2,900,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 21, 2025
AI
The six-unit multifamily property located at 2525 North Orchard Street in Chicago was sold for $2,900,000. The building, which underwent renovations in 2022, features upgraded units and systems, making it an attractive option for investors in the Lincoln Park area.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Units: 6
- Price Per Unit: $483,333
- Broker: Garrett Leigh - Essex Three-Twelve
- Market: Chicago
- Date of Sale: 10/21/2025
Essex Three-Twelve, LLC was the selling entity involved in this transaction, having received multiple offers prior to the sale. The strong local investor interest surrounding the property underscored its market appeal following the recent renovations.
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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93