Updated Dec 21, 2023
Essex Realty Group Brokers Sell Chicago Multifamily Property For $5.9M
640 West Wrightwood Avenue, Chicago, IL, USA
$5,900,000
$16,857/SF
Building Size
350 SF
Asset Type
MultiFamily
Closing
Dec 7, 2020
About this deal
AI
The property involved in this transaction is a multifamily asset located at 640 W. Wrightwood Avenue in Chicago. The transaction took place on 12/08/2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,900,000
- Units: 52
- Price per Unit (PPU): $113,462
Doug Imber, Kate Varde, Clay Maxfield, and Jaimie Steinher from Essex Realty Group were the brokers involved in this transaction.
The multifamily sale at 640 West Wrightwood Avenue, Chicago, IL, USA in Chicago, Illinois sold for $5.9M in 2020. Reported inventory is 350 square feet across 52 units, or about 16.9K per square foot. Clay Maxfield, Jaimie Steinher, Doug Imber, Kate Varde appear on the sale alongside Essex Realty Group, Quantum Real Estate Advisors. This page is the Chicago, Illinois file for the 640 West Wrightwood Avenue, Chicago, IL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 640 West Wrightwood Avenue, Chicago, IL, USA around 2020. Published consideration for 640 West Wrightwood Avenue, Chicago, IL, USA is $5.9M, dated 2020. Cite this Essex Realty Group Brokers Sell Chicago Multifamily Property For $5.9M sale when underwriting similar multifamily product around Chicago, Illinois.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Clay Maxfield to view all their deals.
Browse Illinois multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93