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5026 North Kimball Avenue

Chicago Multifamily Property At 5026 North Kimball Avenue Sold For $5.7M With Essex Realty Group
SOLDMultiFamily

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

Abe Eilian

Essex Realty Group

Broker

$115.1M

vol

29 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

2.78%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93