Essex Realty Group Brokers Sell Chicago Multifamily Property For $5.9M
SOLD
$5,900,000
+ 1
Illinois
See Similar DealsMultiFamily350 SF
Sold 12/08/2020
SOLD
Essex Realty Group Brokers Sell Chicago Multifamily Property For $5.9M
640 West Wrightwood Avenue, Chicago, IL, USA
See Similar DealsMultiFamily350 SF
Sold 12/08/2020
+ 1
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$16,857
Total Square Footage:350 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$314,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12
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