Jordan Gottlieb, Jim Darrow & Matt Feo Of Essex Realty Group Sell Multifamily Asset In Chicago For $1.82M
4101 West Nelson Street
$1,820,000
$183/SF
Building Size
9,900 SF
Asset Type
MultiFamily
Closing
Apr 29, 2025
AI
The property asset involved in this transaction is a multifamily structure located at 4101 West Nelson Street in the Chicago market. The sale price for this asset was $1,820,000, comprising 11 units and totaling 9,900 square feet, resulting in a price per unit of $165,454 and a price per square foot of $183.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,820,000
- Units: 11
- Square Footage: 9,900
- Price Per Unit: $165,454
- Price Per Square Foot: $183
- Date of Transaction: 4/30/2025
- Broker Representatives: Jordan Gottlieb, Jim Darrow & Matt Feo - Essex Realty Group
The deal was facilitated by broker representatives Jordan Gottlieb, Jim Darrow, and Matt Feo from Essex Realty Group, who played key roles in the transaction process. Their involvement contributed to the successful closure of this multifamily property sale in Chicago.
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
8.72%
Cash-on-Cash
-2.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93