Chicago Multifamily Property At 5026 North Kimball Avenue Sold For $5.7M With Essex Realty Group
SOLD
$5,700,000
Illinois
See Similar DealsMultiFamily40,000 SF
Sold 06/27/2024
SOLD
Chicago Multifamily Property At 5026 North Kimball Avenue Sold For $5.7M With Essex Realty Group
5026 North Kimball Avenue
See Similar DealsMultiFamily40,000 SF
Sold 06/27/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$142
Total Square Footage:40,000 SF
Transaction Type:Sale
A multifamily property located at 5026 North Kimball Avenue in Chicago was sold for $5,700,000. The asset consists of 39 units and has a total square footage of 40,000, resulting in a price per unit of $146,154 and a price per square foot of $143.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,700,000
- Units: 39
- Square Footage: 40,000
- Price Per Unit: $146,154
- Price Per Square Foot: $143
- Address: 5026 North Kimball Avenue
- Market: Chicago
The transaction involved brokers Brian Keegan, Matt Feo, and Abe Eilian from Essex Realty Group, representing the parties in this multifamily asset sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$304,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90
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