Essex Realty Brokers $2.7M Sale Of Uptown Multifamily Property On Sheridan Rd
4012 North Sheridan Road, Chicago, Illinois 60613, United States
$2,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 4, 2021
AI
Located in Uptown, Chicago, the multifamily property at 4012-14 N. Sheridan Rd has been sold in a recent transaction. The property consists of 8 units and was sold for a total price of $2,700,000. This translates to an average price per unit (PPU) of $337,500. The sale was facilitated by brokers Steve Livaditis and Jacob Goldstein from Essex Realty.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Units: 8
- PPU: $337,500
- Market: Uptown, Chicago
Steve Livaditis and Jacob Goldstein from Essex Realty played a key role in the transaction as the brokers representing the involved parties. Their expertise and guidance contributed to the successful completion of the sale.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93