Chicago Multifamily Property At 5026 North Kimball Avenue Sold For $5.7M With Essex Realty Group
5026 North Kimball Avenue
$5,700,000
$142/SF
Building Size
40,000 SF
Asset Type
MultiFamily
Closing
Jun 27, 2024
AI
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.
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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93