SOLDMultiFamily
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
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.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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