Updated Dec 21, 2023
Essex Realty Group Sells Chicago Multifamily Property For $8.55M
656 West Wrightwood Avenue, Chicago, IL, USA
$8,555,000
$21,387/SF
Building Size
400 SF
Asset Type
MultiFamily
Closing
Dec 7, 2020
About this deal
AI
Located at 656 W. Wrightwood Avenue in Chicago, this multifamily property was recently sold for $8,555,000. The transaction, which took place on December 8, 2020, involved a total of 55 units, resulting in a price per unit of $155,545.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $8,555,000
- Market: Chicago
The sale of this property was facilitated by Jim Darrow, Jordan Gottlieb, and Jordan Multack from Essex Realty Group. As brokers, they played a crucial role in representing the buyer and seller in the deal.
Players
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
1.85%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93