Updated Dec 21, 2023
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
Units
8
Asset Type
MultiFamily
Closing
Dec 4, 2021
About this deal
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.
On the Map
$2,700,000
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93