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2551 W Hirsch St, Chicago, ...

Updated Sep 9, 2024

Unknown Purchases Property At 2551 W Hirsch St Chicago For $1.3M With Seller's Reps Abe Eilian And Douglas Fisher
SOLDMultiFamily

Unknown Purchases Property At 2551 W Hirsch St Chicago For $1.3M With Seller's Reps Abe Eilian And Douglas Fisher

2551 W Hirsch St, Chicago, IL, 60622

$1,300,000

Building Size

Asset Type

MultiFamily

Closing

Aug 1, 2019

About this deal

AI

The property involved in the transaction is located at 2551 W Hirsch St, Chicago, IL 60622, within the Chicago market. It consists of a nine-unit corner apartment building, which includes one one-bed/one-bath loft unit and eight two-bed/one-bath units. The sale price was $1,300,000, and the total square footage of the property is reported as 0, indicating that specific square footage details were not provided in the context. The property features basement space that runs the entire length of the building and is situated on the southeast corner of the intersection of Hirsch Street and Rockwell Street.

Summary of transaction details:

  • Property Type: Apartment Building
  • Transaction Amount: $1,300,000.00
  • Address: 2551 W Hirsch St, Chicago, IL 60622
  • Market: Chicago
  • Seller's Representative: Abe Eilian - Essex Realty Group
  • Seller's Representative: Douglas Fisher - Essex Realty Group
  • Buyer: Unknown

Essex Realty Group, Inc. facilitated the sale, with Abe Eilian and Doug Fisher representing the seller in this transaction. The building is located within walking distance of Chicago’s popular 606 Trail and is close to various restaurants, cafes, and shops in the Humboldt Park, Logan Square, and Wicker Park neighborhoods. It also offers convenient access to multiple CTA bus stops along Western Avenue, North Avenue, and Division Street.

Players

Abe Eilian

Essex Realty Group

Broker

$122M

vol

30 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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