Updated Oct 16, 2026
Quinn Evans Of Essex 312 Represents Buyer In Chicago Multifamily Sale For $1,150,000
3816 West Irving Park Road
$1,150,000
$299/SF
Building Size
3,840 SF
Asset Type
MultiFamily
Closing
Oct 8, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily asset located at 3816 West Irving Park Road, Chicago. The sale price for this asset was $1,150,000. This property encompasses a total square footage of 3,840, translating to a price per square foot of $299.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Square Footage: 3,840
- Price per Square Foot: $299
- Address: 3816 West Irving Park Road
- Market: Chicago
- Buyer's Representative: Quinn Evans - Essex 312
- Seller's Representative: Mitir Patel - Essex 312
Quinn Evans represented the buyer in this transaction, while Mitir Patel represented the seller, both affiliated with Essex 312. Their roles were crucial in facilitating the successful sale of the multifamily property.
On the Map
$1,150,000
$299/SF
MultiFamily
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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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93