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JAB Real Estate Sells Multifamily Asset At 2848 North Seminary Avenue Chicago For $10.85M

Property Image
SOLD
$10,850,000
Steven (Steve) Livaditis
Jordan Gottlieb
+ 1

Illinois

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MultiFamily21,781 SF
Sold
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Property Image
SOLD

JAB Real Estate Sells Multifamily Asset At 2848 North Seminary Avenue Chicago For $10.85M

2848 North Seminary Avenue

See Similar Deals
MultiFamily21,781 SF
Sold
Steven (Steve) Livaditis
Jordan Gottlieb
+ 1
Contact now

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:

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

James (Jim) Darrow
61 deals$283.1M volume(312) 998-2112
BROKER

Jordan Gottlieb
Essex Realty Group
67 deals$364.3M volume
BROKER

Steven (Steve) Livaditis
Essex Realty Group
40 deals$195.2M volume
BROKER

Brian Keegan
Essex Realty Group
25 deals$86.9M volume(708) 466-2626
BROKER

SELLER

Details

SOLD
IMAGE: Jordan Gottlieb, Jim Darrow, Steven Livaditis & Brian Keegan DATE: 02/27/2026 ADDRESS: 2848 North Seminary Avenue MARKET: Chicago ASSET TYPE: Multifamily SELLER: JAB Real Estate BROKERS: Steven Livaditis, Jim Darrow (@Genco_land_co), Jordan Gottlieb & Brian Keegan (@BrokerBK_) - Essex Realty Group (@EssexRealtyGroup) SALE PRICE: $10,850,000 UNITS: 19 ~ PPU: $571,052 SF: 21,781 ~ PPSF: $498

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Deal Type
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