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Brad Feldman Represents Seller In Chicago Multifamily Sale For $10.55 Million

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SOLD
$10,550,000

Illinois

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Brad Feldman Represents Seller In Chicago Multifamily Sale For $10.55 Million

5069 North Northwest Highway & 2034 North Avondale Avenue

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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involved two multifamily properties located in Chicago. The first asset, a 14-unit property at 5069 North Northwest Highway, was sold for $5.65 million. The second asset, an eight-unit building at 2034 North Avondale Avenue, was sold for $4.9 million. Collectively, these transactions totaled a sale price of $10,550,000, comprising 22 units with a price per unit of $479,545.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $10,550,000
  • Units: 22
  • Price Per Unit: $479,545
  • Addresses: 5069 North Northwest Highway & 2034 North Avondale Avenue
  • Market: Chicago

Senior Managing Partner Brad Feldman of Interra Realty represented the local developer-seller, while Michael Duckler of Interra Realty represented the buyer for the Jefferson Park property. Both properties were fully leased at the time of closing.

Players

Brad Feldman
36 deals$282.9M volume
BROKER

Michael Duckler
Interra Realty
23 deals$77M volume
BROKER

Details

SOLD
IMAGE: Brad Feldman & Michael Duckler DATE: 11/06/2025 ADDRESS: 5069 North Northwest Highway & 2034 North Avondale Avenue MARKET: Chicago ASSET TYPE: Multifamily BROKERS: Brad Feldman (@BsFeldman) & Michael Duckler (@MDuckler) - Interra Realty (@InterraRealty) SALE PRICE: $10,550,000 UNITS: 22 ~ PPU: $479,545 NOTE: Interra Realty brokered two Chicago apartment sales totaling $10.55 million — a 14-unit property at 5069 N. Northwest Highway for $5.65 million and an eight-unit building at 2034 N. Avondale Avenue for $4.9 million. Senior Managing Partner Brad Feldman represented the local developer-seller, while Michael Duckler represented the buyer of the Jefferson Park property; both assets were fully leased at closing.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$562,666.68

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$37,481.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,012.38
Annual Debt Service$600,148.59