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4012 North Sheridan Road, C...

Essex Realty Brokers $2.7M Sale Of Uptown Multifamily Property On Sheridan Rd
SOLDMultiFamily

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

Steven Livaditis

Essex Realty Group

Broker

$195.2M

vol

40 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

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93