Updated Sep 9, 2024
Essex Realty Group Acquires Multifamily Property In West Town, Chicago For $1.8M
2601 West Augusta Boulevard
$1,795,000
$119/SF
Building Size
15,000 SF
Asset Type
MultiFamily
Closing
Jul 12, 2022
About this deal
AI
The multifamily property located at 2601 W Augusta Blvd in West Town, Chicago was recently sold. The property consists of 13 units with a total square footage of 15,000. The sale price for this transaction was $1,795,000, resulting in a price per unit (PPU) of $138,077 and a price per square foot (PPSF) of $120.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,795,000
- Units: 13
- Price per Unit (PPU): $138,077
- Square Footage (SF): 15,000
- Price per Square Foot (PPSF): $120
- Market: West Town, Chicago
The sale of this property was facilitated by Jordan Gottlieb and Jim Darrow from Essex Realty Group, Inc. They represented the buyer and/or seller in this transaction.
Players
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
8.84%
Cash-on-Cash
-2.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93