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3941 North Keeler Avenue

Cross Street Represents Sale Of Chicago Multifamily Asset For $8.8M
SOLDMultiFamily

Cross Street Represents Sale Of Chicago Multifamily Asset For $8.8M

3941 North Keeler Avenue

$8,800,000

$348/SF

Building Size

25,273 SF

Asset Type

MultiFamily

Closing

Mar 1, 2024

AI

The multifamily property located at 3941 North Keeler Avenue in Chicago was recently sold for $8,800,000. The property consists of 31 units with a price per unit of $283,871, spanning a total of 25,273 square feet at a price per square foot of $348.

Summary of transaction details:

A notable aspect of the transaction is that the buyer was represented by Alexander Morsch and Oren Pollack from Cross Street, while Jordan Gottlieb from Essex Realty Group acted as the seller's representative, overseeing the successful sale of the multifamily property.

Players

Jordan Gottlieb

Essex Realty Group

Broker

$364.3M

vol

67 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

1.80%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93