JAB Real Estate Sells Multifamily Asset At 2848 North Seminary Avenue Chicago For $10.85M
SOLD
Illinois
See Similar DealsMultiFamily21,781 SF
Sold
SOLD
JAB Real Estate Sells Multifamily Asset At 2848 North Seminary Avenue Chicago For $10.85M
2848 North Seminary Avenue
See Similar DealsMultiFamily21,781 SF
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$498
Total Square Footage:21781 SF
Transaction Type:Sale
The multifamily asset located at 2848 North Seminary Avenue in Chicago features 19 units and comprises a total area of 21,781 square feet. The property was sold for a price of $10,850,000, leading to a per unit price of $571,052 and a price per square foot of $498.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,850,000
- Units: 19
- Square Footage: 21,781
- Price Per Unit: $571,052
- Price Per Square Foot: $498
- Seller: JAB Real Estate
- Broker Representatives: Steven Livaditis, Jim Darrow, Jordan Gottlieb & Brian Keegan - Essex Realty Group
- Transaction Date: 02/27/2026
This transaction involved multiple brokers from Essex Realty Group, including Steven Livaditis, Jim Darrow, Jordan Gottlieb, and Brian Keegan, who represented the seller, JAB Real Estate, during the process.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$578,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,547.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,434.54
Annual Debt Service$617,214.42
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