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4101 West Nelson Street

Jordan Gottlieb, Jim Darrow & Matt Feo Of Essex Realty Group Sell Multifamily Asset In Chicago For $1.82M
SOLDMultiFamily

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:

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

James Darrow

Essex Realty Group

Broker

$283.1M

vol

61 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

8.72%

Cash-on-Cash

-2.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93